USD/CHF touched a fresh two-week high on Wednesday. US Dollar Index stays in the positive territory following Tuesday’s upsurge. Focus shifts to Durable Goods Orders and PMI data from US. Fueled by the broad-based USD strength, the USD/CHF pair gained more than 100 pips on Tuesday and extended its rally to a fresh two-week high of 0.9371 on Wednesday. With the market action turning subdued ahead of key macroeconomic data releases from the US, the pair seems to have gone into a consolidation phase around 0.9350. DXY advances to fresh multi-month highs The US Dollar Index (DXY), which tracks the greenback’s performance against a basket of six major currencies, capitalized on safe-haven flows and touched its highest level since late November at 92.60 on Wednesday. Meanwhile, following a two-day correction, the 10-year US Treasury bond yield is staying flat on the day, helping the USD preserve its strength. Later in the session, February Durable Goods Orders figures and the IHS Markit’s preliminary Manufacturing and Services PMI reports for March will be looked upon for fresh impetus.  Meanwhile, the S&P 500 Futures are posting modest daily losses, suggesting that the DXY could have a difficult time pushing higher in the second half of the day if risk flows return to markets.  On Thursday, the Swiss National Bank (SNB) will announce its Interest Rate Decision and release the Monetary Policy Statement. The SNB is widely expected to keep its policy rate unchanged at -0.75%. Additionally, the bank is likely to reiterate its commitment to intervene in foreign exchange markets to curb CHF gains.  Technical levels to watch for  FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Germany’s Merkel: I have decided to rescind Easter quiet order FX Street 1 year USD/CHF touched a fresh two-week high on Wednesday. US Dollar Index stays in the positive territory following Tuesday's upsurge. Focus shifts to Durable Goods Orders and PMI data from US. Fueled by the broad-based USD strength, the USD/CHF pair gained more than 100 pips on Tuesday and extended its rally to a fresh two-week high of 0.9371 on Wednesday. With the market action turning subdued ahead of key macroeconomic data releases from the US, the pair seems to have gone into a consolidation phase around 0.9350. DXY advances to fresh multi-month highs The US Dollar Index (DXY), which tracks the… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.