USD/CHF attempting a move back above 1.0100 handle

Having posted a session low at 1.0078 level, the USD/CHF pair managed to recover all of its early losses and has now turned neutral.

Currently hovering just below 1.0100 region, increasing December Fed rate-hike expectations continues to underpin the greenback. Hence, Monday's initial downslide could be categorized as a minor corrective-move within a well-established up-trend led by Donald Trump's victory in the US presidential election.  

Meanwhile, improving investor risk-appetite, as depicted by a sharp rebound in the European equity markets, is further denting the safe-haven appeal of the Swiss Franc and contributing to the pair's recovery from session through. 

Broader market sentiment around the greenback, as measured by the overall US Dollar Index, remains an important determinant for the pair's movement in the near-term. Hence, market participants will remain focused on this week's FOMC meeting minutes on Wednesday for further insight over the Fed's near-term monetary policy outlook and eventually provide fresh impetus for the next leg of directional move for the major. 

Technical levels to watch

Momentum back above 1.0100 handle is likely to lift the pair back towards Friday's swing high resistance near 1.0123 above which a fresh leg of up-move could further boost it towards 1.0200 mark ahead of yearly highs resistance near 1.0250 region. On the downside, sustained weakness below 1.0070 immediate support could get extended towards 1.0020-15 horizontal support before the pair eventually breaks below parity mark to test its next major support near 0.9960-50 region.