Dollar Breaks Resistance as Momentum Aligns

The U.S. dollar has broken through its resistance against the Swiss franc, clearing the shelf that capped it earlier in the year.

The advance now stands at approximately 3.9% above the August low, with momentum agreeing with price rather than just the level being broken.

This is a crucial distinction, as FX breakout confirmation often comes from the momentum picture aligning with the trend.

Michael Boutros, a StoneX Media Senior Market Analyst, notes that daily momentum is now trying to close above 70 for the first time since June, indicating broadening buying pressure.

This setup is materially different from previous breakouts, where price cleared a level in isolation but lacked momentum support.