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USD/CHF: bullish view

USD/CHF is trading in the negative territory around 0.9660 on Friday. On Wednesday the pair touched a fresh 13-month high of 0.9840, but reversed from there on a safe haven demand. Weekly losses were limited by the 0.9630 support (200-week SMA).

We remain bullish in the medium term and expect the 0.9600/9570 (61.8% Fibo) area to limit the losses. Next targets are seen at 0.9760, 0.9840 and at 0.9950/1.0000.

Upbeat data from the US could push the pair higher. Watch the durable goods orders at 12:30 GMT (forecast - positive). 

Chart. Daily USD/CHF

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