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

 

 

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