USD/CHF: keeps eye on 0.9140 amid risk aversion and Swiss consumer confidence data

  • USD/CHF advances from earlier lows around 0.9100.
  • Risk-prone investors shy away from the safe-haven Swiss franc.
  • Swiss Consumer Confidence data eyed for fresh traction. 

The Swiss franc depreciates further against its counterpart USD and lifts the USD/CHF pair to fresh multi-day highs near 0.9120 in the Asian session. The prices quickly recovered from the lows of 0.9103 and touched the intraday highs of 0.9118.

USD/CHF advances for the third consecutive session on the back of further selling bias around the Swiss franc as investors' risk-appetites improve on upbeat global economic recovery prospects.

At the time of writing, the USD/CHF pair is trading at 0.9116, up 0.08% on the day.

The move was exclusively sponsored by the depreciation in the demand for the safe-haven asset in the wake of improved economic conditions across regions. The US dollar index (DXY), which tracks the movement of the greenback, remains depressed near 91. The index remained unaffected after the FOMC Chairman Jerome Powell delivered a much-anticipated speech on US economic progress on Monday, as he said “Economy is not out of the woods yet but is now making real progress”.

In the meantime, the focus of attention will be on the Swiss Consumer Confidence data, which declined to -14.6 in Q1 2021. Apart from that, investors should keep their eyes on the US Balance of Trade for March, Monthly Factory Orders, and IBD/TIPP Economic Optimism in May for fresh trade impetus.

USD/CHF additional level


Today last price 0.9121
Today Daily Change 0.0013
Today Daily Change % 0.14
Today daily open 0.9108
Daily SMA20 0.9184
Daily SMA50 0.924
Daily SMA100 0.9068
Daily SMA200 0.9085
Previous Daily High 0.9148
Previous Daily Low 0.9093
Previous Weekly High 0.9182
Previous Weekly Low 0.908
Previous Monthly High 0.9473
Previous Monthly Low 0.908
Daily Fibonacci 38.2% 0.9114
Daily Fibonacci 61.8% 0.9127
Daily Pivot Point S1 0.9085
Daily Pivot Point S2 0.9062
Daily Pivot Point S3 0.903
Daily Pivot Point R1 0.9139
Daily Pivot Point R2 0.9171
Daily Pivot Point R3 0.9194



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.

Feed news

Are you new to trading or have been trading for a while and you feel stuck?

Try with us!
Become Premium!

Latest Forex News

Latest Forex News

Editors’ Picks

EUR/USD extends gains amid dollar weakness

EUR/USD has bounced above 1.2150 as the US dollar resumes its decline in the aftermath of Friday's weak job figures. Uncertainty about the ECB's policy somewhat weighs on the currency while the upbeat Sentix Investor Confidence supports it.


GBP/USD soars to 1.41 after UK elections, US Nonfarm Payrolls

GBP/USD has hit a new three-month high just above 1.41 after the SNP failed to win a majority in Scotland and as the UK is set to extend its reopening. The dollar is still suffering from Friday's weak jobs report.


XAU/USD consolidates around $1835 after NFP, awaits fresh impetus

Gold buyers defend $1,830 even as Friday’s run-up pauses for fresh push to the north. US NFP, Unemployment Rate backed Biden, Yellen and Fed to shrug off rate hike pressure.

Gold News

Dogecoin eyes consolidation after its recent pullback

Dogecoin price could undergo consolidation as it is stuck between two demand barriers. Transactional data shows underwater investors at $0.624 could hinder an upswing.

More Dogecoin News

S&P 500, Nasdaq Week Ahead: Fed to markets, we have your back never mind the jobs report!

Well after a fairly sluggish start to the week things certainly sprang to life on Friday as a brutal employment report was a catalyst for a strong rally! Go figure. Well, the logic is actually not as stupid as it first appears. Bears have been hibernating and face possible extinction.

Read more