USD/CHF remains on track to gain beyond 0.9240 ahead of Swiss data.

USD/CHF prints minute gains on Friday in the Asian session.
US Dollar Index remains steady above 93.00 on stronger economic data.
The Swiss franc settles lower after SNB’s fx intervene stance.

Rekha Chauhan Independent Analyst

After touching the high of 0.9240 in the overnight session, USD/CHF continues to trade higher in the Asian trading hours on Friday The pair hovers in a narrow trade band with an upward bias.

At the time of writing, USD/CHF is trading at 0.9234, up 0.02% for the day.

The appreciative move in the US dollar sponsored the move in the pair. The US dollar index remains strong above 93.00

The US Initial Jobless Claims fell for the third consecutive week, the readings came at 375K in the week ended on August 7 whereas, the Producer Purchase Index (PPI) gained 1% in july, higher than the market forecast of 0.6%.

Meanwhile, Kansas City Federal Reserve President Esther George said that the time had come to end the central bank’s asset purchase program.

On the other hand, the Swiss franc surrenders gains against the stronger US dollar.
As for now, traders are waiting for the Swiss Producer and Import price, US Michigan Consumer Sentiment data to gauge the market sentiment.

USD/CHF additional levels

USD/CHF

Overview
Today last price	0.9233
Today Daily Change	0.0001
Today Daily Change %	0.01
Today daily open	0.9232

Trends
Daily SMA20	0.9147
Daily SMA50	0.9138
Daily SMA100	0.9139
Daily SMA200	0.9075

Levels
Previous Daily High	0.924
Previous Daily Low	0.9212
Previous Weekly High	0.9156
Previous Weekly Low	0.9019
Previous Monthly High	0.9274
Previous Monthly Low	0.904
Daily Fibonacci 38.2%	0.9229
Daily Fibonacci 61.8%	0.9222
Daily Pivot Point S1	0.9216
Daily Pivot Point S2	0.92
Daily Pivot Point S3	0.9188
Daily Pivot Point R1	0.9244
Daily Pivot Point R2	0.9256
Daily Pivot Point R3	0.9272

Author

Rekha Chauhan

Independent Analyst

Rekha Chauhan has been working as a content writer and research analyst in the forex and equity market domain for over two years.

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