USD/CHF Technical Analysis: Poised to aim towards conquering 1.0100 strong hurdle

   •  The pair extended its consolidative price action and remained confined in a narrow trading band around the 1.0050 region through the early European session on Thursday.

   •  Given this week's bullish break through the 1.0020 barrier, positive technical indicators on hourly/daily charts support prospects for an extension of the recent up-move.

   •  However, the prevalent cautious mood across global financial markets, which tend to underpin the Swiss Franc’s safe-haven status kept a lid on any strong follow-through.

   •  Nevertheless, the set-up remains tilted in favour of bullish traders and hence, a move towards conquering the 1.0100 supply zone, YTD swing higher, remains a distinct possibility.

USD/CHF 1-hourly chart