Swiss franc drops across the board on Friday, even amid risk appetite USD/CHF is having the best day in weeks, climbs to 0.8900. The USD/CHF is rising sharply in Friday and recently climbed to 0.8908, hitting the highest level in two days. The pair is recovering from multi-year lows, boosted by a stronger US dollar that gains particularly versus main European currencies. The lack of agreement in Brexit and despite lower US yields, USD/CHF is rising steadily on Friday. Even as global markets decline. The Swiss franc is also lower against the euro and flat versus the pound. The US Dollar Index is up on Friday, trading around 91.00. It is trending higher but still remains near the monthly lows. The recovery of the US dollar versus European currencies is seen so far as a correction. Consolidation ahead? The main trend in USD/CHF is bearish. The negative momentum eased. So far no clear signs of a reversal are seen. It would be positive for the greenback if it holds above 0.8900. The next resistance stands at 0.8945, followed by 0.9020. Friday’s rally is the best performance of the dollar in weeks. The weekly candle shows the Swiss franc losing strength and suggesting a potential consolidation ahead between 0.9020/30 and 0.8850. While below 0.9140, the bias will be downward. Technical levels FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next AUD/USD could establish a new trading range between 0.7500 and 0.8000 – MUFG FX Street 2 years Swiss franc drops across the board on Friday, even amid risk appetite USD/CHF is having the best day in weeks, climbs to 0.8900. The USD/CHF is rising sharply in Friday and recently climbed to 0.8908, hitting the highest level in two days. The pair is recovering from multi-year lows, boosted by a stronger US dollar that gains particularly versus main European currencies. The lack of agreement in Brexit and despite lower US yields, USD/CHF is rising steadily on Friday. Even as global markets decline. The Swiss franc is also lower against the euro and flat versus the pound. The US… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
