USD/CHF keeps highs near 0.9580

USD/CHF is recovering part of the ground lost after the deep pullback seen on Thursday to the 0.9530 area.

USD/CHF bounces off 0.9530

The pair is closing its second consecutive week with losses, slipping back to levels last seen in late June following the persistent offered tone around the US dollar, which has been intensified following the dovish tone from the FOMC minutes (Wednesday).

In the meantime, USD remains supported today following a profit taking sentiment in the risk-associated space, while market participants continue to gauge recent comments by FOMC’s J.Williams, who reiterated that a rate hike next month remains ‘on the table’.

USD/CHF key levels

The pair is now up 0.41% at 0.9581 facing the next hurdle at 0.9737 (20-day sma) followed by 0.9851 (high Aug.8) and then 0.9956 (high Jul.27). On the other hand, a breach of 0.9532 (low Aug.18) would expose 0.9517 (low Jun.23) and finally 0.9495 (low Apr.12).