USD/CHF Technical Analysis: Climbs further beyond parity mark, highest since mid-Nov.

   •  The pair built on last week's goodish bounce from the very important 200-day SMA and continued gaining positive traction for the fourth consecutive session.

   •  The momentum assisted the pair to finally break through a key psychological barrier and climb further beyond the parity mark to test the highest level since mid-November.

   •  Technical indicators on the daily chart have just started gaining positive momentum, though are already pointing to slightly overbought conditions on hourly charts.

   •  Hence, it would be prudent to wait for a near-term consolidation or a minor pull-back before positioning for an extension of the ongoing strong positive momentum.

USD/CHF daily chart