USD / CHF retreats from three-week highs, still above 0.9200

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  • The Swiss franc recovers against the dollar, publishes new lows against the pound sterling and the euro.
  • USD / CHF loses momentum near August highs and retreats.

The USD/CHF it peaked during the US session at 0.9234, the highest level since mid-August, and then fell back, dropping to 0.9210. It is still positive for the day and is heading to the highest close in almost a month.

The USD / CHF rally lost momentum ahead of the key barrier seen around 0.9240, where the August highs are located. A break above that area should clear the way to further gains, targeting June highs at 0.9275.

The bullish move was fueled by a stronger US dollar across the board. The dollar continues to rebound after last week’s slide. The DXY is up 0.10% to 92.60, significantly away from the highs. It previously peaked at 92.83, the highest level in a week.

Next ECB

On Thursday, the European Central Bank will have its monetary policy meeting. The Swiss franc will likely be affected by the outcome of the ECB’s decisions and comments.

In the United States, the JOLTS report beat expectations on Wednesday. On Thursday the data of the unemployment claims will be published. The key report for the week will be Friday with the New Agricultural Products Price Index.

Technical levels

USD/CHF

Panorama
Today’s Last Price 0.9211
Today’s Daily Change 0.0015
Today’s Daily Change% 0.16
Today’s Daily Opening 0.9196
Trends
SMA of 20 Daily 0.9159
SMA of 50 Daily 0.9161
SMA of 100 Daily 0.9112
200 SMA Daily 0.908
Levels
Daily Previous Maximum 0.9199
Daily Previous Minimum 0.9133
Weekly Preview Maximum 0.919
Weekly Prior Minimum 0.9102
Monthly Previous Maximum 0.9242
Minimum Previous Monthly 0.9019
Daily Fibonacci 38.2% 0.9174
Daily Fibonacci 61.8% 0.9158
Daily Pivot Point S1 0.9153
Daily Pivot Point S2 0.911
Daily Pivot Point S3 0.9087
Daily Pivot Point R1 0.9219
Daily Pivot Point R2 0.9242
Daily Pivot Point R3 0.9285

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