USD/CHF Price Analysis: To test the 200-DMA as sellers eye the 0.9000 mark

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• USD/CHF in a strong uptrend on the daily chart, targeting key resistance at 0.9000.
• A break above 0.9000 could lead to a test of the 200-day Moving Average at 0.9041, followed by the May 31 high at 0.9147.
• Sellers need to push the pair below this week’s low of 0.8893 to regain control and shift momentum.

The US Dollar (USD) prolonged its gains versus the Swiss Franc (CHF) on Thursday, as the Greenback (USD) prints a six-month high, as inflation data during the last couple of days shows inflation remains elevated. Nevertheless, money market futures do not foresee a rate hike in September, but November remains open. Hence, the USD/CHF is trading at 0.8964 after hitting a daily low of 0.8914.