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USD/CHF edges higher, eyes on 0.9600

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Apr 13, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    The greenback continues to gather traction vs. its rivals on Wednesday, now lifting USD/CHF to the vicinity of 0.9600 the figure, or session highs.

    USD/CHF stronger on USD-buying

    The pair is posting its third straight advance so far, following a resurgence of the risk appetite trends after today’s Chinese trade data and a decent rebound of the demand for the US dollar.

    Ahead in the NA session, US Retail Sales will grab all the attention (0.1% exp.) ahead of the Fed’s Beige Book. In Switzerland, Producer Prices are next on tap tomorrow.

    USD/CHF key levels

    The pair is now advancing 0.32% at 0.9587 facing the next up barrier at of 0.9641 (20-day sma) followed by 0.9791 (high Mar.25) and finally 0.9827 (200-day sma). On the other hand, a breach of 0.9499 (2016 high Apr.12) would aim for 0.9473 (monthly low Oct.15 2015) and then 0.9251 (monthly low Aug.24 2015).
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