USD/CHF losing the grip towards 1.0100

The weakness around the buck is now picking up extra pace, sending USD/CHF to fresh lows in the vicinity of the 1.0100 handle.

USD/CHF upside stalled near 1.0200

The pair is posting gains for the first time after three consecutive daily advances, although remains on its way to close its third straight week with gains.

Spot is shedding around a cent since Thursday’s tops in the boundaries of the key barrier at 1.0200 the figure, levels last traded back in February, following a renewed offered bias in the greenback.

Market participants seem to be extending the profit-taking sentiment in light of the strong advance of the buck in past weeks. In fact, gauged by the US Dollar Index (DXY), USD clinched 13-year tops in the area above the 102.00 mark earlier in the week, although it lost some upside momentum since.

USD/CHF key levels

The pair is now losing 0.49% at 1.0122 facing the next support at 1.0105 (low Nov.25) ahead of 1.0064 (low Nov.22) and finally 0.9938 (200-day sma). On the other hand, a breakout of 1.0193 (high Nov.24) would aim for 1.0262 (2016 high Jan.29) and then 1.0335 (high Nov.27 2015).