USD/CHF consolidates near 0.9250 on firmer USD

  • USD/CHF trades modestly higher on Monday in the early Asian trading hours. 
  • The US Dollar Index remains strong near 93.00.
  • Swiss franc remains on backfoot on improved risk-sentiment.

The USD/CHF continues to portray the familiar moves in the Asian session on Monday. The pair hoveres in a very narrow trade band with no meaningful traction. At the time of writing, USD/CHF is trading at 0.9248, up 0.11% for the day.

The buying pressure in the greenback keeps USD/CHF on the higher side. The US Dollar Index (DXY), which measures the performance of the greenback against the basket of six major currencies, stays strong near 93.00 following the  US benchmark 10-year Treasury yields. Investors digested the Federal Open Market Committee (FOMC) announcement of  a reduction in its $120 billion monthly bond purchase this year during its two-day policy meeting. In addition to that, the US Fed Chair Jerome Powell hinted that tapering could occur as soon as in November or end in mid-2022. 

In the latest development, the US House Speaker Nancy Pelosi set Thursday for the infrastructure bill vote, earlier she warned no voting would be expected on Monday despite expressing her confidence on the passage of the $1 trillion stimulus package.

It is worth noting that, S&P 500 Futures is trading at 4,451 with 0.13% gains.

On the other hand, the Swiss franc struggled to maintain the recent gains after the Swiss National Bank (SNB) lingered with ultra-low interest rates and indicated no sign to change its ultra-accommodative monetary policy amid lower inflation and a “ high valued “ currency. Furthermore, the SNB Chairman Thomas Jordan warned of the debt problems of China’s Evergrande group and its potential knock-out effect on Switzerland. As for now. Investors turn their attention to the US Durable Goods Orders, and Dallas Fed Manufacturing Index September to take fresh trading impetus.

USD/CHF additional levels


Today last price 0.9246
Today Daily Change 0.0000
Today Daily Change % 0.00
Today daily open 0.9246
Daily SMA20 0.9208
Daily SMA50 0.9171
Daily SMA100 0.9128
Daily SMA200 0.9102
Previous Daily High 0.9261
Previous Daily Low 0.9222
Previous Weekly High 0.9333
Previous Weekly Low 0.9216
Previous Monthly High 0.9242
Previous Monthly Low 0.9019
Daily Fibonacci 38.2% 0.9246
Daily Fibonacci 61.8% 0.9237
Daily Pivot Point S1 0.9226
Daily Pivot Point S2 0.9205
Daily Pivot Point S3 0.9187
Daily Pivot Point R1 0.9264
Daily Pivot Point R2 0.9282
Daily Pivot Point R3 0.9302



Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Feed news

How do emotions affect trade?
Follow up our daily analysts guidance

Subscribe Today!    

Latest Forex News

Latest Forex News

Editors’ Picks

EUR/USD slides under 1.16 as US Retail Sales smash estimates

EUR/USD is trading under 1.16 after US Retail Sales smashed estimates with 0.7% in September. Treasury yields are rising. The risk-on mood continues to underpin the pair, as the ECB policymaker Wunsch dismisses inflation concerns. 


GBP/USD retreats below 1.3750 after US data

GBP/USD has pared some of its gains after US Retail Sales beat estimates, with the core group hitting 0.8% last month. Earlier, investors shrugged off dovish comments from two BOE members. 


XAU/USD slumps to $1,770 area on upbeat US data, surging US bond yields

Gold started the last day of the week on the back foot and extended its slide to a fresh daily low of $1,770 in the early trading hours of the American session pressured by the dollar's resilience and surging US Treasury bond yields.

Gold News

Crypto bulls on winning streak pushing for more

Bitcoin price favors bulls reaching $60,000 by the end of this week and onwards to new all-time highs by the end of next week. Ethereum price broke a bearish top line and could hit new all-time highs by next week in tandem with Bitcoin. 

Read more

Why is Tesla going up?

Tesla's (TSLA) stock price has finally pushed higher in a series of steady and sure moves. We had nearly given up on our bullish call with Tesla stock as it kept struggling around the $800 level.

Read more