- 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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