USD/CHF keeps the red, but regains 0.9600

The USD/CHF pair is seen recovering ground above 0.96 handle, closely tracking the USD price-action across the board.

USD/CHF bounces-off from near Wednesday’s low

Currently, the USD/CHF pair trades -0.15% lower at 0.9612, bouncing off a brief dip below 0.96 handle. USD/CHF takes on the recovery above 0.96 barrier, and now awaits fresh impetus for further momentum, as dust settles over the FOMC minutes aftermath. Meanwhile, the USD index trades -0.13% lower at     94.56, extending recovery from fresh two-month lows reached yesterday at 94.36 levels.

Calendar-wise, we have a data-empty Swiss docket and hence, focus shifts towards the US, with the weekly jobless claims and Philly Fed manufacturing index due on the cards.

USD/CHF Technical Levels

To the upside, the next resistance is located at 0.9626 (daily pivot) and above which it could extend gains to 0.9665 (5-DMA). To the downside, immediate support might be located at 0.9585 (2-month low) and below that 0.9550 (psychological levels).