The Swiss franc extended early rally against the euro and the US dollar in New York trading on Wednesday.
The franc climbed to a 6-day high of 0.8808 against the greenback and a 2-day high of 1.2193 against euro, coming off from an early low of 0.8854 and a new 2-week low of 1.2226, respectively. The next possible resistance for the franc is seen around 0.87 against the greenback and 1.21 against the euro.
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Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.