USD / CHF rises to test last week’s highs near 0.9190

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  • The US dollar gains momentum across the board amid risk aversion and rising US yields.
  • The Swiss franc falls back against its European rivals.
  • USD / CHF remains in the weekly range, now closer to the upper limit.

USD / CHF broke above 0.9165 / 70 and rose to 0.9186, reaching the highest level in almost a week. The pair remains close to the daily high and also close to the 0.9190 / 0.9200 resistance zone. The higher move was triggered by rising US yields. The US 10-year yield rose to 1.38%, the highest level since mid-July.

A break above 0.9200 should strengthen the outlook for the US dollar; while on the downside, key short-term support is 0.9100, with a close below leaving the pair vulnerable.

Looking at the ECB

“Recent price measures suggest that the market has become a bit more aggressive towards the ECB, all to the benefit of the euro. However, we doubt that the ECB will provide any aggressive clues through the reduction (the front load of the purchases should remain in place, in our opinion) or through inflation forecasts. In turn, the EUR could give up some of its recent gains, “explained ING analysts.

Regarding Switzerland, in ING, the observation that extremely low inflation expectations and the very moderate monetary policy of the ECB should not lead to an adjustment of the monetary policy of the Swiss National Bank in the coming years. They expect the key interest rate to remain at -0.75% until at least 2024.

Technical levels


Today last price 0.9181
Today’s Daily Change 0.0031
Today daily change% 0.34
Today they open every day 0.915
Daily SMA20 0.9161
SMA50 daily 0.9161
SMA100 daily 0.9112
SMA200 daily 0.9079
Previous Daily High 0.9169
Previous Daily Low 0.9127
Previous weekly high 0.919
Previous Weekly Low 0.9102
Previous monthly maximum 0.9242
Previous Monthly Low 0.9019
Daily Fibonacci 38.2% 0.9153
Daily Fibonacci 61.8% 0.9143
Daily Pivot Point S1 0.9129
S2 daily pivot point 0.9107
S3 Daily Pivot Point 0.9087
R1 daily pivot point 0.917
Daily pivot point R2 0.919
R3 daily pivot point 0.9212

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