USD/CHF consolidates near 0.9120 amid risk-off sentiment, US data eyed

USD/CHF prints minute gains on Tuesday in the Asian session.
US Dollar Index retraces from the weekly high near 93.00, still remains elevated.
The Swiss franc gains on its safe-haven appeal amid coronavirus jitters and global growth recovery.

Rekha Chauhan Independent Analyst

USD/CHF edges higher in the initial Asian trading hours on Tuesday. After recovering from the low of 0.9110 in the US session, the pair hovers in a very narrow trade band with little traction.

At the time of writing, USD/CHF is trading at 0.9127, up 0.08% for the day.

The US Treasury yields recover from the lows and trades at 1,26% with 0.51% gains. The US Dollar Index (DXY) struggles below 93.00 as investors risk appetite is reduced amid coronavirus jitters.

US Dollar struggles to hold the gains on the mixed Fed’s officials comments on timings of the taper measures. Investors rush towards the comparatively safer asset on the ongoing geopolitical unrest in Afganistan.

In the latest development, the U.N Security Council called for discussion to create a new government in Afganistan.

It is worth noting that S&P 500 Futures were trading at 4,468, down 0.12%.

As for now, traders are waiting for the US Retails Sales data to gauge the market sentiment.

USD/CHF additional levels

USD/CHF

Overview
Today last price	0.9127
Today Daily Change	0.0002
Today Daily Change %	0.02
Today daily open	0.9125

Trends
Daily SMA20	0.9143
Daily SMA50	0.9144
Daily SMA100	0.9134
Daily SMA200	0.9076

Levels
Previous Daily High	0.9168
Previous Daily Low	0.9109
Previous Weekly High	0.9242
Previous Weekly Low	0.9143
Previous Monthly High	0.9274
Previous Monthly Low	0.904
Daily Fibonacci 38.2%	0.9132
Daily Fibonacci 61.8%	0.9146
Daily Pivot Point S1	0.91
Daily Pivot Point S2	0.9075
Daily Pivot Point S3	0.9041
Daily Pivot Point R1	0.9159
Daily Pivot Point R2	0.9193
Daily Pivot Point R3	0.9218

Author

Rekha Chauhan

Independent Analyst

Rekha Chauhan has been working as a content writer and research analyst in the forex and equity market domain for over two years.

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