The USD/CHF is moving higher.

The USD/CHF jumped the most in Tuesday's trading. Prices remain supported by the 30-period moving average on a 30-min chart. The 61.8% Fibonacci retracement level from the swing high of 0.98 and swing low of 0.959 was broken to the upside in early trading indicating upside momentum. As long as the pair can remain above the 0.9685 pivot we may see a continuation above 0.9735 resistance towards a target of 0.9765.