USD/CHF upside stalls ahead of 0.9900

The upside momentum in the greenback has lifted USD/CHF to test daily highs in the boundaries of 0.9900 the figure, albeit losing some traction afterwards.

USD/CHF focus on risk trends

The pair is reverting a 4-session positive streak today, posting marginal losses after a failed attempt to break above the critical 0.9900 handle despite the renewed buying interest around the buck.

Later in the NA session, US Export/Import Price index is due along with speeches by FOMC’s Harker and Kaplan and the release of the Fed’s Beige Book.

USD/CHF key levels

The pair is now losing 0.13% at 0.9878 facing the next hurdle at 0.9960 (high May 30) followed by 1.0098 (high Mar.10) and then 1.0262 (high Jan.29). On the flip side, a breach of 0.9737 (20-day sma) would open the door to 0.9684 (low Jul.5) and finally 0.9517 (low Jun.23).