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FXstreet.com (Barcelona) - As the Swissy weakens, the USD/CHF grew stronger and broke above Asian session resistance of 0.9250 and extended gains to 0.9280 as the European morning ends and market participants get ready for the NY lap, with US retail sales leading the event, followed by NY empire state manufacturing and December retail sales.

The USD/CHF was now capped at 0.9280 high, where the 100-day moving average lies. The pair had already found that line as resistance earlier, on January 4th, after the strong USD rally triggered by a political deal in the US to avoid the US "fiscal cliff". The USD/CHF is quiet now at Thursday's opening level, at 0.9261, fully retracing that late week plunge.

"Improved near-term studies now shift focus higher, however regain of 0.9272 and 0.9300, is required to confirm base at 0.9100/0.9080 zone and allow for stronger correction", wrote Windsor Brokers analyst Slobodan Drvenica, adding that a pullback on overbought hourlies should be ideally contained at/above 0.9200, to keep bulls intact.

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