USD/CHF continued scaling higher on Friday and jumped to the highest level since July 2020. Sustained USD selling was seen as a key factor fueling the ongoing strong upward trajectory. A softer risk tone did little to benefit the safe-haven CHF or hinder the momentum ahead of NFP. The USD/CHF pair shot to the highest level since July 2020 during the early European session, with bulls now looking to build on the momentum beyond the 0.9300 mark. The pair prolonged its recent strong upward trajectory and continued scaling higher through the first half of the trading action on the last day of the week. The uptick was sponsored by the strong bullish sentiment surrounding the US dollar, which remained well supported by the prospects for a relatively stronger US economic recovery. Investors remain optimistic about the US economic outlook amid the impressive pace of COVID-19 vaccinations and the progress on a massive US fiscal spending plan. The reflation trade continued pushing the US Treasury bond yields higher, which, in turn, was seen as another factor that provided an additional boost to the greenback. The sell-off in the US fixed income market reignited after Fed Chair Jerome Powell on Thursday said that the recent surge in the US Treasury bond yields was not a disorderly move. Powell’s remarks disappointed investors anticipating immediate action to curb a sharp rise in long-term yields, which forced investors to unwind bearish USD bets. Meanwhile, feats that the rout in the bond market could trigger distressed selling in other asset classes took its toll on the global risk sentiment. This was evident from a weaker tone around the equity markets. The risk-off mood, however, did little to benefit the safe-haven Swiss franc or stall the USD/CHF pair strong positive momentum. Moving ahead, Friday’s key focus will on the closely watched US monthly jobs report, due later during the early North American session. A stronger reading will reinforce the narrative of a strong sequential recovery and lift the greenback, paving the way for a further appreciating move for the USD/CHF pair. Technical levels to watch  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 UK: Equities to benefit amid a successful immunisation programme – HSBC FX Street 1 year USD/CHF continued scaling higher on Friday and jumped to the highest level since July 2020. Sustained USD selling was seen as a key factor fueling the ongoing strong upward trajectory. A softer risk tone did little to benefit the safe-haven CHF or hinder the momentum ahead of NFP. The USD/CHF pair shot to the highest level since July 2020 during the early European session, with bulls now looking to build on the momentum beyond the 0.9300 mark. The pair prolonged its recent strong upward trajectory and continued scaling higher through the first half of the trading action on the last… 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.