USD/CHF edges higher toward 1.0100, Wall Street looks to open in green


  • Improved sentiment helps the pair climb higher on Thursday.
  • 10-year T-bond yield turns positive on the day.
  • US Dollar Index posts small gains near 97.60.

The USD/CHF pair gained traction in the last couple of hours and came within a touching distance of the 1.0100 handle. As of writing, the pair was trading at 1.0090, adding 0.05% on a daily basis.

Despite the lack of headlines that could deescalate the geopolitical tensions, the market sentiment seems to have improved slightly on Thursday with major European equity indexes posting moderate gains on the day. Additionally, the 10-year US T-bond yield, which dropped to its lowest level since the last week of March, rebounded and turned positive on the day to confirm the risk-on atmosphere, making it difficult for the CHF to find demand. Furthermore, Wall Street seems to be set to open the day higher with the S&P 500 Futures rising around 0.3% today. 

In the early American session, weekly jobless claims data and the housing starts/building permits figures from the U.S. will be looked upon for fresh impetus. Ahead of the data, the US Dollar Index is up 0.04% on the day at 97.60. There won't be any other macroeconomic data releases in the remainder of the day and the market's risk perception is likely to continue to drive the pair's price action.

Technical levels to watch for

USD/CHF

Overview
Today last price 1.0092
Today Daily Change 0.0006
Today Daily Change % 0.06
Today daily open 1.0086
 
Trends
Daily SMA20 1.0163
Daily SMA50 1.007
Daily SMA100 1.001
Daily SMA200 0.9949
Levels
Previous Daily High 1.0098
Previous Daily Low 1.0055
Previous Weekly High 1.0227
Previous Weekly Low 1.01
Previous Monthly High 1.0238
Previous Monthly Low 0.9932
Daily Fibonacci 38.2% 1.0082
Daily Fibonacci 61.8% 1.0071
Daily Pivot Point S1 1.0061
Daily Pivot Point S2 1.0037
Daily Pivot Point S3 1.0018
Daily Pivot Point R1 1.0104
Daily Pivot Point R2 1.0123
Daily Pivot Point R3 1.0147

 

 

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.

Feed news

Latest Forex News


Latest Forex News

Editors’ Picks

EUR/USD: At risk of extending its slide

The greenback closed the week appreciating against most major rivals, although EUR/USD settled in the 1.1780 price zone, holding on to modest weekly gains. EUR/USD decline corrective on the broader view but could extend its slump in the shorter-term.

EUR/USD News

GBP/USD: Limited bearish potential

The GBP/USD pair finished the week with modest losses at 1.3050, giving up to the dollar’s demand at the end of the week. The Cable is trading above the 1.3000 level, which limits the bearish potential.

GBP/USD News

Gold: Acceptance above $2050 critical to revive the uptrend

Gold’s record-breaking rally could resume on a sustained move above $2050. RSI on 4H chart stays in the bullish territory, pointing to the upside. XAU bulls to buy the dips around $2010 in the week ahead?

Gold News

Bitcoin may extend the recovery once Gold resumes the rally

Gold retreated from the recent highs, but the sentiments are still bullish. Cryptocurrencies resumed the upside, some altcoins are demonstrating strong gains. ETH/BTC stopped the downside correction and settled at $0.03300.

Read more

WTI extends slide toward $41, on track to post weekly gains

Crude oil prices continued to fall on Friday and the barrel of West Texas Intermediate (WTI) touched a daily low of $41.05 before recovering modestly.

Oil News

Forex MAJORS

Cryptocurrencies

Signatures