Forex: USD/CHF – Trading at the high of 0.9534 - Lining up for a triple top?

FXstreet.com (London) - The USD/CHF has extended its gains since yesterday's open at 0.9362 and has surged throughout Northern America, Asian and now round two of the London's session and above Nov 2012 highs 0.9517.

The greenback had strengthened across all major’s, triggered by comments from Fed’s non voting member Posser in favour of calling back QE3 next month. USD/CHF has breached the resistance level set by those highs seen in Nov 2012 on the charts and the pair now eyes up towards levels witnessed earlier on this year in March, where a high there was seen at 0.9568. A failure to break these highs and without a close above them would signal the long awaited triple top, wetting the apatite for those anticipating bears. At time of writing in the London open, the Swissie is now trading up at 0.9534 the high, so it seems traders are not done with this one yet, where else where, the market for the USD on some other majors is looking slightly overdone on profit taking opportunities. Support is seen on Pivot points and above the head and shoulders around the figure.