• Swiss franc remains among the top performers in the currency market.
  • ECB open doors to positive interest rates by end of Q3.
  • USD/CHF keeps looking for support, bearish outlook.

After a short-lived recovery on Friday, the USD/CHF resumed the downside on Monday. Recently it printed a fresh monthly low at 0.9626. It is hovering around 0.9650, about to post the sixth daily loss out of the last eight days.

A broad-based correction of the US dollar triggered the slide of USD/CHF last week. The negative momentum intensify further with recent comments from Swiss National Bank officials warning about inflation.

On Monday, Andrea Meachler, a board member of the SNB said the central bank won't hesitate to raise interest rates if inflation remains outside of the target. Also on Monday, Christine Lagarde, president of the European Central Bank and other governing council members, suggested a possibility of positive interest rates by the end of the third quarter.

The dollar weakened further amid an improvement in market sentiment at the beginning of the week. The DXY is falling 0.87%, trading at 102.10, the lowest level since April 26.

The USD/CHF continues to look for support. Below 0.9625, the next barrier might be seen at 0.9595 and then 0.9525. Now the immediate resistance is located at 0.9695, followed by 0.9735.

More levels


Today last price 0.9646
Today Daily Change -0.0101
Today Daily Change % -1.04
Today daily open 0.9747
Daily SMA20 0.983
Daily SMA50 0.9548
Daily SMA100 0.9381
Daily SMA200 0.9297
Previous Daily High 0.9764
Previous Daily Low 0.9694
Previous Weekly High 1.0064
Previous Weekly Low 0.9694
Previous Monthly High 0.9759
Previous Monthly Low 0.9221
Daily Fibonacci 38.2% 0.9737
Daily Fibonacci 61.8% 0.9721
Daily Pivot Point S1 0.9706
Daily Pivot Point S2 0.9665
Daily Pivot Point S3 0.9636
Daily Pivot Point R1 0.9776
Daily Pivot Point R2 0.9805
Daily Pivot Point R3 0.9847



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. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Feed news Join Telegram

Recommended content

Recommended content

Editors’ Picks

EUR/USD steadies near 1.0550, looks to post modest weekly gains

EUR/USD steadies near 1.0550, looks to post modest weekly gains

EUR/USD has lost its bullish momentum after having climbed above 1.0570 with the initial reaction to the US data in the American session and retreated toward the mid-1.0500s. On a weekly basis, the pair remains on track to close in positive territory. 


GBP/USD struggles to hold above 1.2300

GBP/USD struggles to hold above 1.2300

GBP/USD has edged lower following a jump above 1.2300 in the early American session on Friday. The market mood remains upbeat ahead of the weekend with Wall Street's main indexes posting strong daily gains on upbeat US data. 


Gold stays below $1,830 as US yields edge higher

Gold stays below $1,830 as US yields edge higher

Gold continues to fluctuate below $1,830 on Friday and looks to close the second straight week in negative territory. Fueled by the risk-positive market environment, the benchmark 10-year US Treasury bond yield is up more than 1% on the day, limiting XAU/USD's upside.

Gold News

Why Cardano could surprise over the weekend

Why Cardano could surprise over the weekend

ADA  set to close out the week with a gain on the workday trading week and over the weekend? Central banks signaled that the rate hike cycle is ending, meaning less stress and tight conditions for trading, opening up room for some upside potential with Cardano set to pop above $0.55 and test a significant cap.

Read more

FXStreet Premium users exceed expectations

FXStreet Premium users exceed expectations

Tap into our 20 years Forex trading experience and get ahead of the markets. Maximize our actionable content, be part of our community, and chat with our experts. Join FXStreet Premium today!