USD/CHF climbs to highs near 0.9650

After a brief drop to the 0.9570 area, USD/CHF is now advancing to session highs in the vicinity of 0.9650.

USD/CHF boosted by USD buying

The now better sentiment around the greenback is lifting spot back above the 0.9600 handle today as market participants have already digested yesterday’s dovish tone from the FOMC meeting.

Adding to the upside, the Swiss franc is losing further round following the steady hand by the SNB at its meeting today. Ahead in the session US inflation figures tracked by the CPI are due, seconded by Initial Claims and the Philly Fed manufacturing survey.

USD/CHF key levels

The pair is now gaining 0.30% at 0.9644 facing the next up barrier at 0.9680 (high Jun.13) followed by 0.9713 (55-day sma) and finally 0.9783 (20-day sma). On the other hand, a breakdown of 0.9572 (low Jun.16) would aim for 0.9495 (low Apr.12) and then 0.9440 (2016 low May 3).