USD/CHF extends sideways grind around 0.9050 after Swiss data

  • USD/CHF is moving sideways following last week's decline.
  • Annual CPI in Switzerland edged higher to 0.7% in July as expected.
  • US Dollar Index stays relatively calm around 92.00 ahead of US data.

The USD/CHF pair closed in the negative territory for five straight days and lost more than 100 pips last week. On Monday, the pair stays in a consolidation phase following the data releases from Switzerland. As of writing, USD/CHF was flat on the day at 0.9053.

DXY holds near 92.00 as investors await PMI reports

The data from Switzerland showed on Monday that the Consumer Price Index (CPI) rose to 0.7% on a yearly basis in July from 0.6% in June. This reading matched the market expectation. On a negative note, annual Retail Sales grew by 0.1% in June, down from 2.8% expansion registered in May.

Later in the session, the IHS Markit will release the final Manufacturing PMI for July. More importantly, the ISM's Manufacturing PMI will be watched closely by market participants.  Investors expect the headline PMI to show that the business activity in the manufacturing sector continued to expand at a robust pace. However, the Prices Paid Index, which touched a series high of 91.2 in June, will be the key component of the survey. 

Ahead of these data, the US Dollar Index is staying relatively quiet around 92.00. Meanwhile, Wall Street's main indexes remain on track to open in the positive territory, suggesting that the greenback could have a tough time gathering strength if risk flows continue to dominate the markets.

Technical levels to watch for


Today last price 0.9052
Today Daily Change -0.0004
Today Daily Change % -0.04
Today daily open 0.9056
Daily SMA20 0.9167
Daily SMA50 0.911
Daily SMA100 0.9152
Daily SMA200 0.9074
Previous Daily High 0.9076
Previous Daily Low 0.904
Previous Weekly High 0.9202
Previous Weekly Low 0.904
Previous Monthly High 0.9274
Previous Monthly Low 0.904
Daily Fibonacci 38.2% 0.9053
Daily Fibonacci 61.8% 0.9062
Daily Pivot Point S1 0.9039
Daily Pivot Point S2 0.9021
Daily Pivot Point S3 0.9003
Daily Pivot Point R1 0.9075
Daily Pivot Point R2 0.9093
Daily Pivot Point R3 0.9111



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