US Dollar broke out of early European session consolidation against Swiss Franc and peaked to one month top near 0.9980 area in the previous hour.
The pair is persistently gaining for fifth consecutive session on Monday. The recent uptick move is attributed to better than expected Chinese data that is pressing down the safe haven appeal of Swiss Franc.
Meanwhile, US-China trade optimism is also giving room to US Dollar amid hopes to cope the global economic slowdown.
Technical Levels to Watch
Sustaining beyond 0.9980 hurdle will test the parity level ahead of 1.0065 swing level. On the flip side, immediate support lies at 0.9950 followed by 200-day moving average at 0.9900 handle.
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