FXstreet.com (Barcelona) - The USD/CHF is having trouble in climbing back above 0.9450, currently trading around 0.9445 after a quick drop to 0.9436 low. The greenback is strengthening at the moment as Buba's Weidmann prepares to speak, at 08:30 GMT, and the European session opens.

Ahead on the economic calendar are the Italian industrial output and EMU construction output. The pair is attempting at restoring its price above 0.9450 at the moment of writing.

“USD/CHF’s bounce off the 200 day moving average at 0.9408 is taking the currency pair back to the 38.2% Fibonacci retracement of the last few months’ decline at 0.9505 and the current November high at 0.9513”, wrote Commerzbank analyst Axel Rudolph, bullish above 0.9403 (Nov-15 low).