USD/CHF fails to hold above 0.9000, edges lower toward 0.8950

  • USD/CHF lost its traction after rising above 0.9000.
  • US Dollar Index is falling for the third straight day.
  • Eyes on Wall Street and US Treasury bond yields.

The USD/CHF pair started the new week on a firm footing and rose to its highest level in more than two weeks at 0.9025. During the European trading hours, the renewed selling pressure surrounding the greenback made it difficult for the pair to preserve its bullish momentum. As of writing, USD/CHF was up 0.1% on the day at 0.8970.

DXY stays in the red 

The sharp upsurge witnessed in the benchmark 10-year US Treasury bond yield during the Asian session helped the greenback outperform its rivals. The US Dollar Index (DXY), which tracks the USD's performance against a basket of six major currencies, climbed to a daily high of 90.57 but reversed its direction with US T-bond yields paring early gains.

At the moment, the DXY is down 0.1% on the day and the 10-year US T-bond yield is posting modest daily gains at 1.359% after climbing to a fresh 12-month high at 1.394% earlier in the day.

The data from the US showed that the Chicago Fed National Activity Index improved modestly to 0.66 in January from 0.41. Later in the session, the Dallas Fed Manufacturing Business Index will be looked upon for fresh impetus. Nevertheless, investors are likely to remain focused on the bond yields and Wall Street's main indexes' performance. 

Technical levels to watch for


Today last price 0.8973
Today Daily Change 0.0006
Today Daily Change % 0.07
Today daily open 0.8967
Daily SMA20 0.8938
Daily SMA50 0.8893
Daily SMA100 0.8986
Daily SMA200 0.9152
Previous Daily High 0.8972
Previous Daily Low 0.8934
Previous Weekly High 0.8996
Previous Weekly Low 0.8871
Previous Monthly High 0.8926
Previous Monthly Low 0.8758
Daily Fibonacci 38.2% 0.8958
Daily Fibonacci 61.8% 0.8948
Daily Pivot Point S1 0.8943
Daily Pivot Point S2 0.8919
Daily Pivot Point S3 0.8904
Daily Pivot Point R1 0.8982
Daily Pivot Point R2 0.8997
Daily Pivot Point R3 0.9021



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