• USD/CHF is sustaining its break above the 100-week moving average, encouraging signs for bulls

• U.S. yields are edging higher again, with the benchmark 10-year testing 5%

• Assuming volatility remains contained, this should continue to support USD/CHF from a carry perspective

• Near-term technical setup remains constructive, with the path of least resistance pointing towards 0.8350-0.8375

• Key support levels remain unchanged at 0.8173-0.8200
USDCHF daily chart

Justin McQueen is a Reuters market analyst. (The views expressed are his own). ((Email: ))