USD/CHF reaches 12-day peak

By FXStreet FXStreet (Córdoba) – USD/CHF managed to stretch higher and printed a nearly 2-week high just below 0.9700 as the dollar recovers ground across the board.

USD/CHF has climbed more than a hundred pips from daily lows and reached its strongest level since Aug 19 at 0.9689 before easing slightly. In the absence of first-tier data, trading has been subdued as investors await key events later in the week, including the nonfarm payrolls on Friday.

USD/CHF technical levels

At time of writing, USD/CHF is trading at 0.9680, recording a 0.58% daily gain, with immediate resistances seen at 0.9700 (psychological level) and 0.9725 (Aug 14 low). On the flip side, supports could be found at 0.9575 (50-day SMA) and 0.9535 (200-day SMA).
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Source:: FX Street