USD/CHF Price Analysis: Holds to its gains, as US yields dropped, buyers' eye 0.9200

USD/CHF registers minor gains, benefiting from a robust US Dollar despite falling Treasury bond yields.
Buyers are targeting the 100-day EMA at 0.9123, aiming to reach the 200-day EMA at 0.9250.
The bearish extension is possible, with support found at the confluence of the 50 and 20-day EMAs.

Christian Borjon Valencia FXStreet

USD/CHF is set to finish Tuesday’s session with minuscule gains, boosted by a strong US Dollar (USD), which held to its gains, as US Treasury bond yields fell late as Wall Street closes. At the time of writing, the USD/CHF exchanges hands at 0.9073, a gain of 0.16%.

USD/CHF Price Analysis: Technical outlook

From a technical perspective, the USD/CHF trades sideways, trapped within the short/long-term daily Exponential Moving Averages (EMAs). The Relative Strength Index (RSI) indicator, as well as the 3-day Rate of Change (RoC), portrays buyers are in charge, but they would need to clear the 100-day EMA at 0.9123, so they can rally towards the 0.9200 handle, as they target the 200-day EMA at 0.9250.

Otherwise, the USD/CHF could extend its losses past the confluence of the 50 and 20-day EMAs, each at 0.9039 and 0.9034, respectively, followed by the 0.9000 figure. If USD/CHF stumbles past the figure, the next support would be the May 22 daily low of 0.8940, followed by the YTD low of 0.8820.

USD/CHF Price Action – Daily chart

USD/CHF

Overview
Today last price	0.9076
Today Daily Change	0.0014
Today Daily Change %	0.15
Today daily open	0.9062

Trends
Daily SMA20	0.9012
Daily SMA50	0.8999
Daily SMA100	0.9125
Daily SMA200	0.9373

Levels
Previous Daily High	0.912
Previous Daily Low	0.9052
Previous Weekly High	0.9148
Previous Weekly Low	0.9014
Previous Monthly High	0.9148
Previous Monthly Low	0.882
Daily Fibonacci 38.2%	0.9078
Daily Fibonacci 61.8%	0.9094
Daily Pivot Point S1	0.9037
Daily Pivot Point S2	0.9011
Daily Pivot Point S3	0.897
Daily Pivot Point R1	0.9104
Daily Pivot Point R2	0.9145
Daily Pivot Point R3	0.9171

Author

Christian Borjon Valencia

FXStreet

Markets analyst, news editor, and trading instructor with over 14 years of experience across FX, commodities, US equity indices, and global macro markets.

USD/JPY eyes August swing low, near 155.20 ahead of US NFP

USD/JPY retests the August monthly swing low during the Asian session on Friday as a more hawkish repricing of BoJ rate-hike bets and a suspected intervention continue to underpin the Japanese Yen. Meanwhile, the US Dollar is seen consolidating the previous day's heavy losses amid soft US bond yields, further weighing on the currency pair as traders keenly await the US NFP report.

AUD/USD consolidates above 0.7200; US NFP awaited

AUD/USD holds steady above 0.7200, near its highest level since mid-May, as bulls await the US NFP report for more cues on the Fed's policy path before placing fresh bets. Meanwhile, the recent decline in US bond yields keeps the US Dollar depressed near its lowest level in over a week and acts as a tailwind for the Aussie amid the RBA's hawkish tilt.

Gold tumbles as blockbuster US NFP lift US Dollar, Treasury yields

Gold (XAU/USD) falls sharply on Friday, snapping a two-day recovery after the US Nonfarm Payrolls (NFP) report surprised strongly to the upside. The metal briefly climbed above $4,500 on Thursday, gaining nearly 2%, but has since erased a large part of that advance.

Crypto’s $638 million buyback boom may not be as bullish as it looks

Decentralized Finance (DeFi) protocols reportedly spent $638 million to buy back their native tokens in August, up 17% from a year earlier. On the surface, the buyback trend suggests the cryptocurrency industry is maturing fast, adopting one of Wall Street’s oldest tools to bolster valuations and distribute revenue. The headline becomes less impressive once the number is opened up.

Why hawkish Bank of Japan expectations aren't enough to sustain the Japanese Yen rally

The Japanese Yen (JPY) experienced a sudden burst higher after falling back below the 160.00 psychological mark against the US Dollar (USD) earlier this week amid a more hawkish repricing of Bank of Japan (BoJ) rate hike expectations.

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.