USD/CHF supported at 1.0100 amid fresh USD buying

The USD/CHF pair regained poise and now reverts to daily tops, as the greenback staged a solid recovery versus its main peers.

USD/CHF eyes 10-DMA at 1.0128

Currently, the USD/CHF pair trades modestly flat at daily highs of 1.0120 levels, reversing a brief to lows reached at 1.0103. The major attempts a minor-recovery, although lacks momentum amid cautious tone prevalent in the market, which continues to underpin the safe-haven CHF.

 Moreover, better-than expected Swiss PPI figures also offer some support to the CHF bulls, keeping a lid on the prices. The spot now eagerly awaits the FOMC decision due later in the NA session for fresh direction.  

USD/CHF Technical Levels

To the upside, the next resistance is located at 1.0128/31 (10 & 20-DMA) and above which it could extend gains to 1.0146 (5-DMA) and 1.0174 (daily R2) next. To the downside, immediate support might be located at 1.0103 (daily low) and below that 1.0050 (psychological levels) and from there to 1.0000 (parity).

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