With commodities higher and stocks lower, Swiss Franc is on the perfect stage to extend gains over the upcoming weeks; gold is nearing $ 1430/oz, while oil reached $ 104 in recent trade. At the same time, Wall Street continues falling into deep red, with DJIA down 165 points and S&P losing 1.26% by the time of writing.

USD/CHF that reached a fresh record low this week at 0.9201, ha

USD/CHF  has continued its trading range consolidation within the context of a clear and strong bearish trend that has been in place for around a month. The current consolidation has prevailed for the last week and a half, with its upper border around key 0.9330 resistance and its lower border at the new all-time low at 0.9200, established just last week. In the event that this 0.92

Last week in Forex News the Swiss franc advanced to a two-week high against the U.S. dollar, as escalating concerns over unrest in the Middle East boosted refuge demand for the cash.

USD/CHF hit 0.9438 on Friday, the pairs lowest since February 3; the pair subsequently consolidated at 0.9441 by close of trade on Friday, tumbling 3.06% over the week.

The pair is likely to fin

USD/CHF is finding some bullish momentum this afternoon, with the cross back above 0.9400 level, having reached so far an intraday high of 0.9436. Despite recent surge in risk appetite, save haven Swiss Franc has continued strengthening against the greenback, having reached today an intraday low of 0.9329, barely above the record low set past December at 0.9300.

Recovering from an overnight low in 0.9560, the USD/CHF is pushing to the upside in the initial hour of trading over Europe and consolidating above 0.9600. Most recently the pair reached as high as 0.9622 before running into what seems to be firm resistance, and currently trades settled around 0.9615 where it awaits fresh direction.

Further above, immediate resistance is listed