Forex: USD/CHF rallies and stays above 1.1550; USD/JPY recovers

Monday, April 27, 2009

he dollar got stronger across the board and rose against the Swiss Franc. After breaking support zone at 1.1500 the pair rally to 1.1600 where it rebounded. Now is holding above 1.1555. For the day the pair has risen 1.60%. Reaching intra-day high at 1.1603. 

USD/JPY rose in the last hours after breaking above 96.65 and recovered early losses. But the pair stopped at 96.90. Next resistance level could be found at 97.10. In the last hour the pair has been quiet moving around 96.70. For the day the USD/JPY is down only 0.05%. 

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