Ahead of the US return to the action and volumes are increasing with the Dollar back in demand. As a result USD/CHF is stabbing higher and a run towards and retest of the 1.2400 level is now viable.
Elsewhere, EUR/CHF has hit another fresh session high at 1.6278, the historic high at 1.6289 (from February 14th) is still eyed above with dealers once more noting the option barriers at 1.6300. In the wake of the soft Swiss data GBP/CHF has continued to be bought and trading recently broke above 2.4125/30. A run towards 2.4150 is now looked for by short-term accounts with the 2.4200 level eyed in the medium-term.
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