- USD/CHF falls toward the parity level, retreating from 2-day highs.
- US Dollar Index resumes decline and hits fresh weekly lows.
The USD/CHF pair peaked at the beginning of the US session at 1.0051, reaching the highest level in two day but then turned again to the downside, falling to 1.0008, a fresh 10-day low.
The pair remains with a negative tone and close to the 1.0000 area. The move to the downside took place a mid a decline of the US dollar across the board on the back of lower US yields and an improvement in risk sentiment.
Some better-than-expected data from the US did not help the dollar. The Consumer Sentiment survey from the University of Michigan reported an improvement to 97.8 in March from 93.8, significantly above expectations. Previously it was reported that industrial production rose 0.1% in February, below the 0.4% expected.
On a weekly basis, USD/CHF is consolidating weekly losses, retreating from multi-month highs. Again, the greenback was rejected from above 1.0100. Below parity, a strong support is seen around 0.9960/70 (20-week moving average).
USD/CHF
Overview:
Today Last Price: 1.0016
Today Daily change: -22 pips
Today Daily change %: -0.22%
Today Daily Open: 1.0038
Trends:
Daily SMA20: 1.0032
Daily SMA50: 0.9976
Daily SMA100: 0.997
Daily SMA200: 0.992
Levels:
Previous Daily High: 1.0052
Previous Daily Low: 1.0028
Previous Weekly High: 1.0125
Previous Weekly Low: 0.9977
Previous Monthly High: 1.01
Previous Monthly Low: 0.9921
Daily Fibonacci 38.2%: 1.0037
Daily Fibonacci 61.8%: 1.0043
Daily Pivot Point S1: 1.0027
Daily Pivot Point S2: 1.0015
Daily Pivot Point S3: 1.0003
Daily Pivot Point R1: 1.0051
Daily Pivot Point R2: 1.0063
Daily Pivot Point R3: 1.0075
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