The sustained selling of the USD put further downward pressure on the USD / CHF on Tuesday. A modest rally in US bond yields and a positive risk tone did little to provide support. The pair USD/CHF it maintained its strongly offered tone during the middle of the European session, although it has managed to […]
Tag: USDCHF
USD / CHF at fresh multi-day lows around 0.9000 level
A combination of factors does not help USD / CHF capitalize on its modest intraday rally. Pessimistic expectations from the Fed and falling US bond yields weigh on the dollar and put pressure on the pair. A softer risk tone benefits safe-haven CHF and further contributes to the pair’s selling bias. The pair USD/CHF has […]
USD / CHF falls towards 0.9000 as USD sell-off continues
USD / CHF appears to be closing for the second day in a row in negative territory. The US dollar index fell below 90.50 after the US data. The major Wall Street indices posted impressive gains on Friday. The pair USD/CHF it extended its daily decline during US trading hours and touched a daily low […]
A test of the 2021 lows at 0.8757 is in the odds – Credit Suisse
USD / CHF slowed below the 200-day average at 0.9083 as expected, say Credit Suisse economists, who expect an extension of the pullback. Key statements: “We are looking for a lower pullback from 0.9083. Looking to the future, a sustained move back below 0.9030 would confirm a short-term high. Thereafter, the next levels are seen […]
USD / CHF falls to the 0.9050 zone as US Treasury yields decline
USD / CHF appears to break a two-day winning streak. The US dollar index falls into negative territory in the American session. The yield on the 10-year US Treasury fell nearly 2% on Thursday. The pair USD/CHF it closed the previous two trading days in positive territory, but lost its traction after failing to exceed […]
USD / CHF Returns to Weekly Highs, Bulls Expect a Move Past 200 DMA
USD / CHF witnessed some good two-way price movements during the early days of the American session. Comments from Fed Governor Richard Clarida, the risk-scared mood put some downward pressure. Rising US bond yields, stronger US CPI supported the dollar and helped regain positive traction. The pair USD/CHF it fell to fresh daily lows, around […]
USD / CHF falls further below 0.9000, the lowest level since February 24
USD / CHF continued to lose ground for the fourth consecutive session amid a sustained selloff of the USD. The Fed’s dovish expectations continued to act as a headwind for the dollar and put pressure on it. Risk appetite did not influence the safe haven CHF much or support the pair. The pair USD/CHF it […]
Next downside target awaits at 0.8910 – Credit Suisse
USD / CHF closed the week below the 200-day average at 0.9084 after a sharp drop on Friday, turning Credit Suisse analysts’ bias to the downside, with next support at 0.8910. Key statements: “The broader downtrend is resuming and we changed our bias to the downside, with the following levels at 0.9000 / 8995, which […]
Weekly close below 0.9097 / 84 key to maintaining downtrend – Credit Suisse
USD / CHF has closed below its 200-day average and uptrend support at 0.9096 / 85, Credit Suisse analysts say. They warn that a weekly close below here would suggest a mid-term trend reversal, going neutral. Key statements: “A weekly close below a key group of medium-term supports at the 200-day average and an uptrend […]
USD / CHF bounces to 0.9100 after hitting two-month lows
The Swiss franc among the best of the G10 on Thursday. DXY loses 0.32%, down from 91.00, as US returns remain in negative territory. The USD/CHF it fell further after the start of the US session and bottomed at 0.9069, the lowest level since early March. The drop came amid a weaker US dollar, but […]