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  • US Dollar rises across the board, extending post-Fed rally.  
  • USD/CHF losses strength, unable to hold above 1.0200.  

The USD/CHF pair is rising on Thursday, for the second day in-a-row, extending the rebound from 1.0125 (May 1 low). Recently traded at 1.0203, the highest level in three days but it remains unable to hold on top of 1.0200. As of writing, USD/CHF stands at 1.0185/90.  

The move higher continues to be driven by a stronger US Dollar across the board.  The rally started yesterday following the optimistic tone from Fed’s Chairman Powell. The DXY is up 0.25%, trading at 97.80, still down for the week but significantly off lows.  

Data released today from the US showed initial jobless claims at 230K, above the 215K expected, and factory orders rose in March 1.9%, above the 1.5% estimated by analysts, offering support to the dollar’s advance. The next key report will on Friday with US jobs data including non-farm payroll that are seen rising by around 185K.  

USD/CHF Levels to watch  

To the upside, the critical resistance is the 1.0200 area. The pair traded on top several times over the last days but failed to post a daily close clearly above. If it rises back and ends on top of 1.0210, the bullish tone could be reinforced from a technical perspective, targeting 1.0245.  

On the flip side, the immediate support might lie at 1.0180, below the Swiss franc could gain strength favoring a test of the daily low at 1.0170. If the decline continues support levels might lie at 1.0150 and 1.0135.