USD/CHF aims to continue a five-day winning streak, trades near 0.9030

USD/CHF continues to move on an upward trajectory despite the tepid US Dollar.
The escalation of the Israel-Hamas war could provide support for the safe-haven Swiss Franc.
Downbeat US Core PCE Price Index (YoY) weighed on the Greenback.
The rebound in 10-year US Bond yield could underpin the buck.

Akhtar Faruqui FXStreet

USD/CHF attempts to continue the winning streak that began on Tuesday, treading waters near 0.9030 during the Asian session on Monday. The USD/CHF pair receives upward support despite the lukewarm performance of the US Dollar (USD).

The Greenback faces a barrier as the market expects that interest rates will likely remain consistent at 5.5% by the US Federal Reserve (Fed) in the upcoming meeting on Wednesday.

Additionally, the US Core Personal Consumption Expenditures Price Index (YoY) eased at 3.7% in September compared to the 3.8% readings from August, which might limit advances of the USD/CHF pair. However, the monthly data showed an increase, printed 0.3% readings as anticipated compared to the previous figure of 0.1% but failed to boost the USD.

The escalation of the Middle-East conflict could provide support for the safe-haven Swiss Franc (CHF) against the USD. Israel has expanded the ground operations in Gaza and attacked multiple Hamas sites.

The US Dollar Index (DXY) appears to be maintaining a subdued presence, with the decline in US Treasury yields on Friday. However, the 10-year US Bond yield shows indications of a rebound, standing at 4.87% by the press time.

On Wednesday, the downbeat ZEW Survey Expectations report showed that Switzerland's business conditions and labor market declined to 37.8 in October, from the previous decline of 27.6.

Investors will focus on the US ADP Employment Change, ISM Manufacturing PMI for October during the week. On the Swiss docket, Real Retail Sales (YoY) will be eyed on Tuesday.

USD/CHF: additional important levels

Overview
Today last price	0.9026
Today Daily Change	-0.0002
Today Daily Change %	-0.02
Today daily open	0.9028

Trends
Daily SMA20	0.9034
Daily SMA50	0.8977
Daily SMA100	0.8897
Daily SMA200	0.9008

Levels
Previous Daily High	0.9035
Previous Daily Low	0.898
Previous Weekly High	0.9035
Previous Weekly Low	0.8888
Previous Monthly High	0.9225
Previous Monthly Low	0.8795
Daily Fibonacci 38.2%	0.9014
Daily Fibonacci 61.8%	0.9001
Daily Pivot Point S1	0.8994
Daily Pivot Point S2	0.896
Daily Pivot Point S3	0.894
Daily Pivot Point R1	0.9049
Daily Pivot Point R2	0.9069
Daily Pivot Point R3	0.9103

Author

Akhtar Faruqui

FXStreet

Akhtar Faruqui is a Forex Analyst based in New Delhi, India. With a keen eye for market trends and a passion for dissecting complex financial dynamics, he is dedicated to delivering accurate and insightful Forex news and analysis.

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