USD/CHF maintains a neutral stance while holding a positive outlook

USD/CHF surpasses the 0.9050 zone, marking a breakthrough in this resistance.
The RSI remains in positive territory, approaching the 58.20 level, sustaining a bullish momentum.
The currency pair is making efforts to reach the 0.9100 level, following three days of gains.

Patricio Martín FXStreet

The USD/CHF pair has maintained a neutral stance on Friday but with a positive outlook as it recently surpassed the resistance at the 0.9050 zone and maintains its bullish momentum for the short term. On the daily chart, the Relative Strength Index (RSI) remains in positive territory and is approaching the 58.20 level, while the Moving Average Convergence Divergence (MACD) continues to print green bars. Over the past four days, the pair has shown consistent gains and is striving to reach the 0.9135 level (100-day Simple Moving Average). In that sense, the USD/CHF holds a neutral to bullish bias outlook for the short term.

Levels to watch

If the pair continues to gain momentum, the following resistance levels come into play: first, at the 0.9080 zone, followed by the 0.9100 level, and at the mentioned 0.9135 level. Conversely, immediate support for USD/CHF can be found at the 0.9050 zone level, followed by the 0.9000 level and the 20-day Simple Moving Average (SMA) at 0.8950.

Author

Patricio Martín

FXStreet

Patricio is an economist from Argentina passionate about global finance and understanding the daily movements of the markets.

GBP/USD bounces off over one-week low; upside potential seems limited

The GBP/USD pair edges higher at the start of a new week, reversing a part of Friday's heavy losses to over a one-week trough. Spot prices, however, lack bullish conviction and trade below mid-1.3500s during the Asian session, warranting caution before confirming that the recent pullback from the highest level since February has run its course.

EUR/USD edges higher to near 1.1600 ahead of German CPI inflation release

The EUR/USD pair gathers strength to around 1.1590 during the early Asian trading hours. The US Dollar edges lower against the Euro despite hawkish remarks from Federal Reserve Chair Kevin Warsh. Traders will take more cues from the preliminary reading of Consumer Price Index inflation data from Germany, which is due later on Monday.

Gold battles key support amid renewed Iran and Fed hike risks

Gold is resuming Friday’s steep downside early Monday as the NFP week kicks in. US Dollar sees a profit-taking pullback, despite hawkish Fed’s Warsh and fresh Iran risks. Gold attacks 21-day SMA near $4,400 after Friday’s close below 200-day SMA; RSI is still bullish.

Solana: Strong institutional confidence keeps SOL afloat above $100

Solana price is trading around $100 testing the psychological support level after a 3% decline the previous day. SOL-focused Exchange Traded Funds recorded over $150 million in inflows last week, reflecting strong institutional demand. Solana risks capitulation as price tests the $100 threshold amid easing bullish momentum.

US military strikes Iranian rocket launchers in first attack in weeks

US Central Command struck Iranian rocket launchers that were preparing to send mines into the Strait of Hormuz, following weeks of relative calm, Bloomberg reported on Sunday. Captain Tim Hawkins, a spokesperson for CENTCOM, said Iran swiftly vowed to retaliate for what it called a deadly attack.

Diesel’s record $100 warning: The oil shock hiding in plain sight

The Oil market may look calmer than it did a few months ago, but diesel is sending a very different message. The US diesel crack spread, the premium of ultra-low sulphur diesel futures over WTI, recently surged above $100 per barrel for the first time, reaching an intraday record of just over $102.00.