USD/CHF hits weekly highs near 1.0000
- US dollar up across the board, rises after US data.
- USD/CHF gains for the fourth day in-a-row approaches 1.0000.

The USD/CHF pair continues to rise from 2-month lows and today reached 0.9982, the highest level in a week. It peaked after the release of the upbeat US retail sales report. Previously the pair was already higher, supported by risk aversion, a stronger US dollar and EZ PMI data.
The US Dollar Index (DXY) climbed from 97.10 to 97.68, a fresh 18-month high. It pulled back modestly from the top during the US session. Also, USD/CHF moved off highs. As of writing, trades at 0.9965, up 30 pips for the day and a hundred pips above Tuesday’s low.
Earlier today, Eurozone PMI data showed a significant slowdown in both the manufacturing and the services sector and boosted the pair. Regarding the US, November retail sales rose 0.2% in line with expectations but upward revisions to October's data and gains in the control group, completed an upbeat report. Also, US industrial production printed better-than-expected data. Those numbers were offset by PMI’s that slowdown more than estimates.
USD/CHF Levels to watch
The immediate support now is the 20-day moving average at 0.9950, followed by 0.9910 (Dec 12 & 13 low) and 0.9880. On the upside, resistance levels could be located at 0.9980/85 (Dec 14 high), 1.0005/10 (Dec highs) and 1.0045.
Author

Matías Salord
FXStreet
Matías started in financial markets in 2008, after graduating in Economics. He was trained in chart analysis and then became an educator. He also studied Journalism. He started writing analyses for specialized websites before joining FXStreet.

















