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USD/CHF climbs further near 1.0120

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Nov 17, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Edinburgh) - The greenback is pushing higher vs. its Swiss peer on Tuesday, now lifting USD/CHF to fresh 8-month tops near 1.0120.

    USD/CHF firmer on USD buying

    The better sentiment surrounding the US dollar keeps sustaining the pair’s upside, which is trading in the highest levels since the SNB move back in January. Expectations of a Fed’s lift-off in December remain the exclusive driver behind the dollar’s upside momentum, with probabilities unchanged around 70%.

    Data wise in the US economy, inflation figures tracked by the CPI are due next, with consensus expecting headline consumer prices to have risen 0.1% on a year to October.

    USD/CHF key levels

    The pair is now advancing 0.19% at 1.0116 facing the next resistance at 1.0241 (2015 high Jan.14) followed by 1.0277 (monthly high September 2010). On the other hand, a breach of 0.9783 (55-day sma) would expose 0.9708 (100-day sma) and then 0.9604 (200-day sma).
    For more information, read our latest forex news.
     

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