USD/CHF Climbs to 0.9570, Session Highs
A mild bias towards the risk-on sentiment is now pushing USD/CHF to test the area of daily peaks near 0.9570.
USD/CHF focus on Fed meeting
After
bottoming out in fresh YTD lows in the 0.9500 neighbourhood, spot has
managed to gather traction and revert the initial downside along with
some sort of pick up in the risk appetite trends.
Ahead in the
session, the greenback will take centre stage in light of the Fed’s
close meeting in order to discuss US rates prospects.
USD/CHF key levels
The
pair is now advancing 0.33% at 0.9568 facing the next resistance at
0.9651 (20-day sma) followed by 0.9791 (high Mar.25) and finally 0.9827
(200-day sma). On the other hand, a breakdown of 0.9516 (2016 low
Apr.11) would aim for 0.9500 (psychological level) and then 0.9473
(monthly low Oct.15 2015).
(Market News Provided by FXstreet)
