USD/CHF revisits daily highs, 200-DMA on sight?

The USD/CHF pair caught a fresh bid tone over the last hour, lifting the rate from ahead of 0.98 handle back towards 200-DMA placed at 0.9835

USD/CHF supported at 20-DMA at 0.9800

Currently, the USD/CHF pair trades +0.08% higher at 0.9818, testing session tops previously scored at 0.9821. The major regains bids and now advances towards the 200-DMA barrier, mainly driven by higher US dollar across the board. The US dollar index, which gauges the greenback’s relative value, stalled its corrective slide and resumed NFP-inspired upward rally in the European session.

Meanwhile, above expectations Swiss CPI data failed to provide any help to the CHF bulls, as the US jobs data continued to linger in the investors’ mind, which raised hopes for a Fed Sept/Dec rate hike.

USD/CHF Technical Levels

To the upside, the next resistance is located at 0.9835 (200-DMA) and above which it could extend gains to 0.9900 (round number). To the downside, immediate support might be located at 0.9780 (5-DMA) and below that 0.9757/55 (50 & 100-DMA).