USD/CHF better bid just ahead of 0.99 handle post-Swiss data
|The CHF bulls are left unimpressed by above estimates Swiss trade data, keeping USD/CHF on the bids just ahead of 0.9900 levels.
USD/CHF eyes ECB, US data
Currently, the USD/CHF pair trades +0.17% higher near fresh session highs of 0.9905, trying hard to resist above 0.99 handle. The USD/CHF pair remains well bid and attempts to extend gains above 0.99 barrier as sentiment towards the US dollar remains underpinned after Clinton won the third and final US presidential election. Meanwhile, the USD index trades +0.20% higher at 98.06, extending its advance from 97.85 region.
While the Swiss franc remained largely unperturbed by upbeat Swiss trade data and continues to extend lower versus its American counterpart heading into the ECB policy decision, which will be followed by US dataflow.
USD/CHF Technical Levels
To the upside, the next resistance is located at 0.9921 (multi-month highs) and above which it could extend gains to 0.9955 (Jul 27 high) and 1.0000 (parity) next. To the downside, immediate support might be located at 0.9887 (10-DMA) and below that 0.9815 (20-DMA) and from there to 0.9773/60 (100 & 200-DMA).
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