USD/CHF climbs back above 1.0300

USD/CHF advanced on Tuesday and regained the 1.0300 level at the beginning of the New York session amid broad USD strength.

The dollar is trading firmer across the board, helped by upbeat comments from Federal Reserve Chair Janet Yellen on the US labor market and some risk aversion after Turkey, Germany, and Switzerland were hit by terrorist strikes yesterday.

USD/CHF resumed the rise and climbed to as high as 1.0314, approaching to a 6-year high of 1.0343 scored last week. At time of writing, the pair is trading at 1.0305, up 0.37% on the day.

USD/CHF levels to consider

In terms of technical levels, next resistances are seen at 1.0343 (Dec 15 high), 1.0400 (psychological level ) and 1.0449 (Aug 24 2010 high). On the flip side, supports could be found at 1.0220 (Dec 19 low), 1.0200 (10-day SMA/psychological level) and 1.0158 (21-day SMA).