USD/CHF breaks above 200-day SMA, reaches 6-day highs

USD/CHF gathered momentum and rose through the 200-day SMA toward fresh 6-day highs at the beginning of the New York session amid dollar demand.

The dollar accelerated against the euro and the franc, with USD/CHF reaching a peak of 0.9862 in recent dealings. At time of writing, the pair is trading at 0.9859, recording a 0.38% daily gain ahead of US data releases.

USD/CHF levels to watch

In terms of technical levels, next resistances are seen at 0.9865 (Jul 8 high), 0.9893 (Jul 12 & 13 highs) and 0.9920 (Jun 3 high). On the flip side, supports could be faced at 0.9810 (Jul 18 low), 0.9770/63 (50-day SMA/Jul 14 low) and 0.9740 (100-day SMA).