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).
