USD/CHF Turns Positive Just Below 0.9800

USD/CHF Turns Positive Just Below 0.9800

17 May 2016, 13:10
Roberto Jacobs
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USD/CHF Turns Positive Just Below 0.9800

It seems the greenback has recovered the smile during the European morning, now lifting USD/CHF to the vicinity of 0.9790.

USD/CHF focus on US CPI

The pair is trading in fresh multi-week tops near the 0.9800 handle following a better tone in the US dollar as of late, while a mild bias towards the risk appetite has accelerated the outflows from the safe haven CHF.

Later in the NA session, US CPI figures will grab all the attention, seconded by Housing Starts, Industrial Production, the API’s weekly report on crude stockpiles and speeches by Fed’s Lockhart, Williams and Kaplan.

USD/CHF key levels

The pair is now advancing 0.10% at 0.9786 facing the next up barrier at 0.9802 (high Apr.22) ahead of 0.9833 (200-day sma) and then 0.9917 (high Mar.17). On the other hand, a breach of 0.9713 (55-day sma) would expose 0.9581 (low Apr.19) and then 0.9495 (low Apr.12).


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