17 Nov 2015
USD/CHF climbs further near 1.0120
FXStreet (Edinburgh) - The greenback is pushing higher vs. its Swiss peer on Tuesday, now lifting USD/CHF to fresh 8-month tops near 1.0120.
USD/CHF firmer on USD buying
The better sentiment surrounding the US dollar keeps sustaining the pair’s upside, which is trading in the highest levels since the SNB move back in January. Expectations of a Fed’s lift-off in December remain the exclusive driver behind the dollar’s upside momentum, with probabilities unchanged around 70%.
Data wise in the US economy, inflation figures tracked by the CPI are due next, with consensus expecting headline consumer prices to have risen 0.1% on a year to October.
USD/CHF key levels
The pair is now advancing 0.19% at 1.0116 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 0.9783 (55-day sma) would expose 0.9708 (100-day sma) and then 0.9604 (200-day sma).
USD/CHF firmer on USD buying
The better sentiment surrounding the US dollar keeps sustaining the pair’s upside, which is trading in the highest levels since the SNB move back in January. Expectations of a Fed’s lift-off in December remain the exclusive driver behind the dollar’s upside momentum, with probabilities unchanged around 70%.
Data wise in the US economy, inflation figures tracked by the CPI are due next, with consensus expecting headline consumer prices to have risen 0.1% on a year to October.
USD/CHF key levels
The pair is now advancing 0.19% at 1.0116 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 0.9783 (55-day sma) would expose 0.9708 (100-day sma) and then 0.9604 (200-day sma).