• USD/CHF is aiming higher amid a recovery in the DXY.
  • A preliminary estimate of the ZEW Survey- Expectations shows an outperformance by the economy.
  • FOMC minutes and the US Durable Goods Orders will remain the key events to watch out for today.

The USD/CHF pair is displaying a quiet mood by oscillating in a minor range of 0.9606-0.9629 in the early European session. A bullish open drive session has been shown by the asset and is now preparing for an initiative buying action. The pair has rebounded after hitting a low of 0.9587 amid exhaustion in the downtrend.

Earlier, the pair remained in a negative trajectory as the US dollar index (DXY) witnessed a steep fall after an improvement in the risk appetite of the market participants. In today’s session, a minor rebound in the DXY has supported the greenback-dominated currencies. The DXY has attracted bets amid uncertainty over the Federal Open Market Committee (FOMC) minutes, which will release in the New York session. Apart from that, the US Durable Goods Orders are on the investor’s radar.  

The US Census Bureau is expected to report the monthly Durable Goods Orders at 0.6% against the prior print of 1.1%. Also, the core Durable Goods Orders that don’t include defense goods are expected to land at 0% vs. 1.4% reported earlier.

On the Swiss front, investors are eyeing the release of the ZEW Survey- Expectations, which dictates research on the present condition of the business, employment, and other catalysts. A preliminary estimate shows that the ZEW Survey- Expectations could improve to -39.3 against the prior print of -51.6.

USD/CHF

Overview
Today last price 0.962
Today Daily Change 0.0015
Today Daily Change % 0.16
Today daily open 0.9605
 
Trends
Daily SMA20 0.9832
Daily SMA50 0.9557
Daily SMA100 0.9391
Daily SMA200 0.9302
 
Levels
Previous Daily High 0.967
Previous Daily Low 0.9574
Previous Weekly High 1.0064
Previous Weekly Low 0.9694
Previous Monthly High 0.9759
Previous Monthly Low 0.9221
Daily Fibonacci 38.2% 0.9611
Daily Fibonacci 61.8% 0.9633
Daily Pivot Point S1 0.9562
Daily Pivot Point S2 0.952
Daily Pivot Point S3 0.9466
Daily Pivot Point R1 0.9658
Daily Pivot Point R2 0.9712
Daily Pivot Point R3 0.9754

 

 

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