USD/CHF tests parity level

USD/CHF climbed to test the psychological 1.0000 level at the beginning of the New York session, amid broad USD strength on hopes of  fiscal stimulus and faster pace of Fed hikes following Trump’s victory in US presidential elections.

USD/CHF extended gains into a fifth consecutive day on Monday and peaked at 1.0000. However, the dollar lacked determination to clear the psychological level and it was last trading nearby at 0.9993, still up 1.21% on the day.

There is no first data scheduled for the New York session, with focus on Fed's members Lacker, Kaplan, and Williams speeches.  

USD/CHF levels to consider

As for technical levels, next resistances line up at 1.0000 (Nov 14 high/psychological level), 1.0039 (Mar 9 high) and 1.10092 (Mar 10 high). On the flip side, supports are seen at 0.9858 (21-day SMA), 0.9820 (Nov 10 low) and 0.9783 (100-day SMA).