USD/CHF Edges Higher, Eyes on 0.9600

USD/CHF Edges Higher, Eyes on 0.9600

13 April 2016, 10:18
Roberto Jacobs

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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