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USD/CHF gained strong positive traction on Thursday The USD buying interest picked up pace during the early North American session and pushed the USD/CHF pair to two-week tops, around the 0.9030 region in the last hour. The pair regained positive traction on Thursday, with bulls now looking to build on the momentum beyond the 0.9025-30 supply zone amid a goodish pickup in the US dollar demand. Investors have grown nervous about whether a surprisingly stronger US economic data could force the Fed to start tapering its bond-buying program sooner rather than later. The market worries were further fueled by a duo of upbeat US labour market reports.

Apart from this, a goodish pickup in the US Treasury bond yields was seen as another factor that underpinned the greenback. Bulls seemed rather unaffected and largely shrugged off a sharp fall in the US equity markets, which tends to benefit traditional safe-haven currencies, like the Swiss franc. Hence, a subsequent move towards testing the very important 200-day SMA, currently around the 0.9075 region, now looks a distinct possibility.