FXStreet (Mumbai) - The underlying risk-on market profile extends into Europe, and provides fresh legs to the ongoing recovery in USD/CHF from close to 0.99 handle. USD/CHF firmer on risk-on Currently, the USD/CHF pair trades 0.59% higher at fresh session highs of 0.9993, heading towards parity. The CHF bulls lost control after two consecutive sessions of gains, as the turnaround in the risk conditions seen since Asia this Friday diminishes the safe-haven bids for the Swiss currency. The Chinese stocks drove higher on a recovery mood after the recent heavy decline while the oil prices also sung back higher. Moreover, the sentiment around the Swiss franc was dampened after the Swiss jobless rate ticked higher last month and even beat estimates. The jobless rate rose to 3.7% m/m, up from 3.4% seen in Nov and against a rise to 3.6% expected. Looking ahead, the US NFP report now remain in focus as markets look for more cues on the future course of normalization by the Fed. USD/CHF Technical Levels To the upside, the next resistance is located 1.0032/36 (1h 50 & 100-SMA) levels and above which it could extend gains to 1.0088 (Jan 7 High). To the downside, immediate support might be located at 0.9958/50 (1h 10-SMA/ round number) and below that 0.9924 (daily low). For more information, read our latest forex news.