USD/CHF advanced to fresh highs or the day as the dollar was lifted by a solid US retail sales reading. Retail sales in the US rose 0.2% in January to a seasonally adjusted $449.9 billion. Sales were expected to grow by 0.1%. Meanwhile compared with a year earlier, retail sales increased 3.4%. USD/CHF climbed nearly 40 pips to a high of 0.9780 but momentum faltered quickly. At time of writing, the pair was trading at 0.9775, up 0.54% on the day although still headed for its second weekly loss in a row. USD/CHF levels to consider In terms of technical levels, USD/CHF could find immediate resistances at 0.9819 (Feb 10 high) and 0.9874 (Feb 9 high). On the flip side, supports are seen at 0.9660 (Feb 11 low), 0.9579 (Oct 22 low) and 0.9500 (psychological level). For more information, read our latest forex news.