USD/CHF spikes back closer to 0.95 handle

   •  USD builds on overnight strong rebound and drives the pair higher.
   •  Risk-off mood/sliding US bond yields do little stall the up-move.
   •  The final US Q4 GDP print could provide some fresh impetus.

The USD/CHF pair caught some fresh bids on Wednesday and is again headed towards conquering the key 0.9500 psychological mark.

The US Dollar continued gaining some positive traction through the early European session and was seen as one of the key drivers behind the pair's momentum back closer to yesterday's swing high.

Meanwhile, a fresh wave of global risk aversion trade, despite easing trade war fears and positive geopolitical developments in the Korean peninsula, did little to revive the Swiss Franc's safe-haven appeal, albeit might now contribute towards capping any further gains.

With the USD price dynamics acting as an exclusive driver of the pair's momentum, traders now look forward to the final US Q4 GDP growth figures, due later during the early NA session, for some fresh impetus.

Technical levels to watch

Momentum beyond the 0.95 handle is likely to confront some resistance near the 0.9520-25 region, above which the pair is likely to head back towards testing the 0.9565 supply zone. On the flip side, 0.9455 levels now seem to have emerged as an immediate support, which if broken could now drag the pair further towards the 0.9400 handle.