USD/CHF extends 4-day winning streak, near 0.9650
|The USD/CHF pair extends its bullish run into a fourth-day today, on the back of broad based US dollar strength, which remains the underlying theme so far this Wednesday.
USD/CHF attempts to regain 0.9650
Currently, the USD/CHF pair trades +0.08% higher at 0.9641, having printed fresh session highs at 0.9646 last hour. USD/CHF is seen extending its recovery from a brief dip below 0.96 handle and now looks to regain 0.9650 levels, as the US dollar continues to ride higher on the auspicious US homes sales data released Tuesday. New home sales surged to 8-yr high of 654,000 in July.
Amid a relatively data-quiet first half of this week, focus solely remains on the Jackson Hole Symposium and US GDP data, for fresh take on the USD/CHF price-action.
USD/CHF Technical Levels
To the upside, the next resistance is located at 0.9700 (20-DMA) and above which it could extend gains to 0.9752/66 (100 & 50-DMA). To the downside, immediate support might be located at 0.9605 (daily S1) and below that 0.9585 (Aug 18 low).
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