USD/CHF Buyers Gain Momentum Ahead of U.S. Services PMI Report
The USD/CHF pair remains positioned for further gains, contingent on a successful breakout above 0.90695. Positive momentum indicators and supportive fundamentals strengthen the case for buyers.
Investors are keenly awaiting the release of the U.S. ISM Services PMI for December. Market expectations suggest an increase from the previous reading of 52.1 to 53.3. Historically, services-related indices tend to strengthen in December, buoyed by holiday-season activity. A print that meets or exceeds expectations could further bolster the dollar and sustain the upward trajectory of USD/CHF.
Should the bullish momentum persist, the path towards higher resistance levels at 0.90823 and 0.90964 becomes increasingly viable. These levels represent critical milestones for buyers aiming to solidify the upward trend.
Investors are keenly awaiting the release of the U.S. ISM Services PMI for December. Market expectations suggest an increase from the previous reading of 52.1 to 53.3. Historically, services-related indices tend to strengthen in December, buoyed by holiday-season activity. A print that meets or exceeds expectations could further bolster the dollar and sustain the upward trajectory of USD/CHF.
Should the bullish momentum persist, the path towards higher resistance levels at 0.90823 and 0.90964 becomes increasingly viable. These levels represent critical milestones for buyers aiming to solidify the upward trend.
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