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USD/CHF above parity

USD/CHF has broken above parity this morning. It briefly stalled around 100 MMA and Weekly Resistance 2, but now appears to be breaking higher as it flirts with 1.01 level. It seems that there won't be any heavier selling until closer to year's peak prices above 1.02 and year's high at 1.0294.
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USD/CHF flirts with parity

It's not two months since SNB removed CHF cap, which caused it to appreciate nearly 30% against the Dollar at the time, and USD/CHF is already flirting with parity and levels seen in early January. Strong Dollar, negative CHF rates and rumours of SNB buying the dips in EUR/CHF are cited as reasons for the rally. If parity goes, then some resistance may come at: 100 MMA (1.0067), January 12 low (1.0118), Yearly high (1.0294).
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VictoriaVika avatar

Well done, good analysis

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al_dcdemo 17 Mar.

Thanks, the levels really should have been visible on the chart, but I have them on separate platform.

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