USD/CHF jumps to fresh 9-month highs

The US dollar surged across the board and following the release of US economic data that triggered a rally. USD/CHF rose from 1.0120 and recently reached at 1.0176 the highest level since early February. 

Price was holding near the highs, with the US dollar consolidating gains across the board. Traders were expecting the release of the FOMC minutes. 

Data supports USD

The October US Durable Goods Orders report showed a gain of 4.8%, significantly above the 1.5% expected while the advanced manufacturing PMI gauged by Markit reached 53.9 above the 53.4 expected.  Later, the Consumer Sentiment (final estimation) measured by the Reuters/Michigan Index surpassed expectations at 93.8. On the negative side, New Home Sales dropped 1.9% in October.

USD/CHF levels 

To the upside, resistance levels could be seen at 1.0175 (daily high), 1.0200 (psychological) and 1.0225 (Nov 23 2015 high). On the opposite direction, support might lie at 1.0135 (Nov 22 high), 1.0090 (daily low) and 1.0065 (Nov 22 low).