USD/CHF deflates towards 1.0150

By FXStreet FXStreet (Edinburgh) – The Swiss franc is now reclaiming some ground lost to the dollar, sending USD/CHF to visit the mid-1.0100s after posting overnight tops near 1.0170.

USD/CHF capped by 1.0170

In spite of the current knee jerk, spot keeps the buoyant tone advancing since last Friday and navigating levels last traded in January, all backed by a solid performance of the greenback.

In the data space, the ZEW Survey is due next in the Alpine economy, while the FOMC minutes will take centre stage across the pond later in the session, seconded by Building Permits and Housing Starts.

USD/CHF key levels

The pair is now advancing 0.14% at 1.0156 facing the next resistance at 1.0241 (2015 high Jan.14) followed by 1.0277 (monthly high September 2010). On the other hand, a breach of 0.9785 (55-day sma) would expose 0.9709 (100-day sma) and then 0.9605 (200-day sma).
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Source:: FX Street