USD/CHF rises further above party, to highest since mid-November

• Stronger US Dollar, boosts USD/CHF to highest in two and a half months. 
• DXY keeps rising, up 1.3% from Friday’s low. 

The USD/CHF rose back above the parity level and advanced firm. It climbed to 1.0025, hitting the highest level since November 16. It is consolidating clearly above 1.0000, about to post the fourth daily gain in a row. 

The move to the upside took place amid a rally of the US dollar across the board.  The DXY rose to 96.41, reaching a fresh weekly high. It is about to post the fourth daily gain in-a-row, erasing last week losses. 

Positive technical  outlook for the US dollar

The rally of the last two days with USD/CHF firm above 1.0000, turned the technical outlook in favor to further gains. The pair broke a strong resistance and the next is seen at 1.0055 (May 2018 highs). The positive momentum will likely ease if the pair drops back under 0.9990.