USD/CHF extends daily rally toward 1.0050 on broad USD strength

  • US Dollar Index pushes higher to 97.
  • US 10-year T-bond yield rises by more than 1% on Monday.
  • Risk-on mood weighs on safe-havens.

Following the flash spike in the early Asian session, the USD/CHF quickly reversed its gains, suggesting that the upsurge was most likely caused by a 'fat-finger'. With the greenback gaining traction on Monday, the pair started to climb above the critical parity mark, and was last seen adding 0.5% on the day at 1.0050.

The selling pressure surrounding the major European currencies stays strong and allows the greenback to continue to outperform its rivals. After closing the previous week at its highest level in more than two weeks, the US Dollar Index advanced to its highest level since late December at 97.01. As of writing, the DXY was up 0.35% on a daily basis at 96.97.

The decisive rebound in the U.S. Treasury Bond yields on Monday provides the primary boost to the greenback in the absence of important macroeconomic data releases. At the moment, the 10-year reference is up 1.1% on a daily basis. 

Meanwhile, major equity indexes in the U.S. started the day modestly higher to further weigh on the CHF, which is usually seen as a safe-haven asset.

Technical levels to consider


    Today Last Price: 1.005
    Today Daily change %: 0.49%
    Today Daily Open: 1.0001
    Daily SMA20: 0.995
    Daily SMA50: 0.9916
    Daily SMA100: 0.9932
    Daily SMA200: 0.9908
    Previous Daily High: 1.0029
    Previous Daily Low: 0.9995
    Previous Weekly High: 1.003
    Previous Weekly Low: 0.9943
    Previous Monthly High: 0.9996
    Previous Monthly Low: 0.9716
    Daily Fibonacci 38.2%: 1.0008
    Daily Fibonacci 61.8%: 1.0016
    Daily Pivot Point S1: 0.9988
    Daily Pivot Point S2: 0.9974
    Daily Pivot Point S3: 0.9954
    Daily Pivot Point R1: 1.0022
    Daily Pivot Point R2: 1.0042
    Daily Pivot Point R3: 1.0056

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.

Feed news

Latest Forex News

Editors’ Picks

EUR/USD tumbles to weekly lows on disappointing PMI data

EUR/USD dropped below 1.1300 after Germany's Manufacturing PMI dropped to 44.5 points, below expectations and reflecting a deep contraction in the sector. Other PMIs are mostly weak as well. US retail sales are eyed.


GBP/USD bounces off 1.3000 on upbeat UK retail sales

GBP/USD escaped the 1.3000 line after UK retail sales beat with a jump of 1.1% in March, much better than expected. A risk-off mood weighed on it earlier. US retail sales are next.


USD/JPY: Greenback trades below 112.00 figure ahead of US Retail Sales

USD/JPY is correcting down as the bears will need to break 111.80 to reach 111.60 and 111.40 to the downside. Strong resistances are seen at 112.00 and 112.20 level. 


US Retail Sales Preview: Let the spending begin

Overall retail sales are predicted to rise 0.9% in March following February's 0.2% decline. Sales excluding automobiles are expected to climb 0.7% after falling 0.4% the prior month.

Read more

Gold: Bounce from YTD lows/50% Fibo. support might turn out to be short-lived

The precious metal stalled its recent decline and managed to stage a modest recovery from support marked by 50% Fibo. level of the $1196.40-$1346.85 strong up-move.

Gold News