The USD/CHF pair will rise above 0.9600 in the medium term, according to the weekly chart and market expectations based on the US economic data. Fed chair Jerome Powell makes his first major appearance Tuesday and Thursday when he testifies on the strength of the US economy before congressional committees.
Most of the investors view Powell as slightly more hawkish on monetary policy than Janet Yellen and that could support the dollar more than Janet Yellen’s policies.
There are expected important data from the USA, on Wednesday: US GDP QoQ (expected +2.5% ; +2.6% previous), and US GDP Q4 (expected +2.4%; +2.4% previous).
On Thursday, will be released Swiss GDP YoY (+0.6% expected; +0.6% previous), and US ISM (expected +58.6%; +59.1 previous).