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USD/CHF pushing towards recent highs
The gains in the wider dollar delivered by the much better than forecast US jobs report on Friday has helped the USD/CHF push ever closer to a noted potential resistance level, at 0.9224. This price point has been highlighted a few times in recent updates on the USD/CHF. It was the 2024 high reached on May 1 last year. The high seen on Friday was set at 0.9188 and the dollar later closed out the week at 0.9164. The range seen so far today has been covered by 0.9155 to 0.9180. The USD/CHF is currently trading at 0.9176 and once again the reader is reminded of the longer term prognosis that could see the 2024 high tested at some point in the near future
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