• USD/CHF whipsaw on Friday in the Asian trading session.
  • US Dollar Index remains steady above 92.30 on hawkish fed official's comment, job data.
  • The Swiss franc holds the ground on its safe-haven appeal.

After touching the low of 0.9051 in the overnight session, USD/CHF edges higher in the Asian trading hours on Friday. The pair hovers in a narrow trade band with a positive outlook.

At the time of writing, USD/CHF is trading at 0.9073, up 0.3% for the day.

The appreciative move in the US dollar sponsored the move in the pair. The US dollar index stays elevated above 92.30 with 0.07% gains. 

 US Federal Reserve Vice Chair Richard Clarida said on Wednesday that the central bank could start to reduce its massive asset-buying program later this year. The greenback turnaround following the hawkish comments.

Meanwhile, the number of Americans filing new claims for unemployment benefits fell to 385K in July, in line with the market expectations.

On the other hand, the Swiss franc gained as investors risk appetite reduced on the spread of the Delta variant and its possible impact on the global recovery. 

The inflow seems to be limited as the currency remains sensitive to talk from central bankers about pulling back on the asset-buying program and eventually raising interest rates.

As for now, traders are waiting for the US Nonfarm Payroll data to gauge the market sentiment.

USD/CHF additional levels

USD/CHF

Overview
Today last price 0.9073
Today Daily Change 0.0003
Today Daily Change % 0.03
Today daily open 0.907
 
Trends
Daily SMA20 0.9135
Daily SMA50 0.9117
Daily SMA100 0.9144
Daily SMA200 0.9073
 
Levels
Previous Daily High 0.9078
Previous Daily Low 0.9052
Previous Weekly High 0.9202
Previous Weekly Low 0.904
Previous Monthly High 0.9274
Previous Monthly Low 0.904
Daily Fibonacci 38.2% 0.9068
Daily Fibonacci 61.8% 0.9062
Daily Pivot Point S1 0.9055
Daily Pivot Point S2 0.904
Daily Pivot Point S3 0.9029
Daily Pivot Point R1 0.9082
Daily Pivot Point R2 0.9093
Daily Pivot Point R3 0.9108

 

levels

 


 

Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Feed news Join Telegram

Recommended content


Recommended content

Editors’ Picks

EUR/USD stays below 0.9800 after US inflation data

EUR/USD stays below 0.9800 after US inflation data

EUR/USD continues to trade in negative territory below 0.9800 in the American session on Friday. The data from the US showed that the annual PCE inflation declined to 6.2% in August but the stronger-than-expected core reading didn't allow the pair to gain traction.

EUR/USD News

GBP/USD rebounds from daily lows, reclaims 1.1100

GBP/USD rebounds from daily lows, reclaims 1.1100

GBP/USD fell to a fresh daily low below 1.1030 but managed to reverse its direction and climbed above 1.1100 during the American trading hours on Friday. The pair remains on track to snap a two-week losing streak despite having suffered heavy losses earlier in the week.

GBP/USD News

Gold extends daily rally beyond $1,670

Gold extends daily rally beyond $1,670

Gold preserved its bullish momentum and rose above $1,670 after the mixed inflation data from the US on Friday. The benchmark 10-year yield is down more than 2% as markets look to wrap up the third quarter, fueling XAU/USD's daily rally. 

Gold News

Shiba Eternity download day the biggest bullish catalyst in SHIB history?

Shiba Eternity download day the biggest bullish catalyst in SHIB history?

Shytoshi Kusama, the project lead for Shiba Inu, has dropped a teaser about Shiba Eternity games for the SHIB community. Proponents expect the launch of the collectible card game to be a bullish catalyst for Shiba Inu price. 

Read more

SPDR S&P 500 ETF Trust (SPY) Forecast: We are teetering on the brink

SPDR S&P 500 ETF Trust (SPY) Forecast: We are teetering on the brink

Equity markets remain at the precipice of a technical collapse, which we examine in the weekly long-term chart below. The overall picture remains one of nervousness ahead of the upcoming Q3 earnings season.

Read more

Forex MAJORS

Cryptocurrencies

Signatures