USD/CHF Edges Higher, Eyes on 0.9600
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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