“¢ The prevalent USD bullish sentiment helped regain traction on Thursday. “¢ Fading safe-haven demand further weigh on CHF and remained supportive. “¢ Market participants now look forward to the US macro data for fresh impetus. After yesterday’s brief pause, the USD/CHF pair regained positive traction on Thursday and has now moved within striking distance of over 28-months set on Tuesday. Despite the fact that the Fed is in no hurry to hike interest rates anytime soon, a more dovish tilt by other major central banks across the globe and the incoming positive US economic data has been fueling the recent US Dollar bullish run-up to the highest since May 2017. On the other hand, the Swiss Franc was being weighed down by the recent dovish comments by SNB Chairman Thomas Jordan, saying that there is no reason to change monetary policy and more room to cut if needed. This coupled with growing optimism over a possible US-China trade deal remained supportive of the pair’s strong upsurge witnessed since the beginning of this month. It, however, remains to be seen if bulls are able to maintain their dominant position or opt to take some profits off the table amid highly overbought conditions and especially after the recent rally of over 330-pips from sub-0.9900 level touched on March 20. Market participants now look forward to the US economic docket – highlighting the release of durable goods orders data, which might influence the pair’s short-term momentum and produce some meaningful trading opportunities ahead of the advance Q1 US GDP report on Friday. 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 US: Durable goods orders likely to rebound in March – Rabobank FX Street 4 years "¢ The prevalent USD bullish sentiment helped regain traction on Thursday. "¢ Fading safe-haven demand further weigh on CHF and remained supportive. "¢ Market participants now look forward to the US macro data for fresh impetus. After yesterday's brief pause, the USD/CHF pair regained positive traction on Thursday and has now moved within striking distance of over 28-months set on Tuesday. Despite the fact that the Fed is in no hurry to hike interest rates anytime soon, a more dovish tilt by other major central banks across the globe and the incoming positive US… 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.