USD/CHF is trading higher today, led by a stronger dollar, as the pair moves firmly above its 100-hour moving average (MA) at 0.90834. If the price remains above this level, buyers maintain tight control. A break below the 100-hour MA and 200-hour MA at 0.90548 would shift the bias back to the downside.

Earlier this week, the pair suffered a sharp decline following disappointing tariff news, which briefly dampened sentiment in the USD. However, President-elect Trump denied the report, prompting a backlash from shoppers. Yesterday, the pair found support at a higher momentum level near 0.90217, reinforcing the bullish momentum and allowing today’s continuation of the move higher.

On the fundamental front, Swiss CPI inflation data released this week was weak, with a -0.1% month-on-month drop and just a 0.6% year-on-year increase. Meanwhile, US economic data was mixed, with strong initial jobless claims but a weaker than expected ADP jobs report. Dovish remarks by Fed Governor Waller added to market uncertainty, giving both buyers and sellers an opportunity to influence the pair’s direction.

As a result, the technical technique will help tell the story at least in the short term