- US dollar loses momentum near the end of the week after US data.
- Despite moving off weekly highs, USD/CHF still up for the week.
The USD/CHF pair failed to hold onto daily gains and is trading at 0.9725, around the same level it closed on Thursday, with a bearish intraday bias. Earlier today, it peaked a 0.9762, the highest level in two weeks, and then it turned to the downside.
USD loses momentum after NFP
The greenback dropped after the release of US data. The employment report came in below expectations and weighed on the US dollar. Initially, the USD fell, it quickly recovered, but following the beginning of the American session, it decisively lost momentum across the board.
The decline in DXY took place amid lower yields and a decline in equity prices in Wall Street. The 10-year yield dropped to 1.82%, a two-day low. Markets have stabilized today after the tensions in the Middle East triggered volatility.
Despite the concerns around the Middle East, equity markets are about to end the week higher. Also, the currencies that usually appreciate during times of tensions are lower. USD/CHF is trading a few pips above the levels it had a week ago. The Swiss franc rose across the board over the last hours, probably a consequence of investor positioning for the weekend.
|Today last price||0.9734|
|Today Daily Change||0.0002|
|Today Daily Change %||0.02|
|Today daily open||0.9732|
|Previous Daily High||0.9748|
|Previous Daily Low||0.9711|
|Previous Weekly High||0.9757|
|Previous Weekly Low||0.9646|
|Previous Monthly High||1.0009|
|Previous Monthly Low||0.9646|
|Daily Fibonacci 38.2%||0.9734|
|Daily Fibonacci 61.8%||0.9725|
|Daily Pivot Point S1||0.9713|
|Daily Pivot Point S2||0.9693|
|Daily Pivot Point S3||0.9675|
|Daily Pivot Point R1||0.975|
|Daily Pivot Point R2||0.9768|
|Daily Pivot Point R3||0.9788|
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