USD/CHF retreats to 0.9100 area as USD struggles to find demand

  • USD/CHF remains on track to close the week in the red.
  • US Dollar Index struggles to gain traction on Friday.
  • Fed's Evans says QE could be enhanced around spring.

The USD/CHF pair rose above 0.9120 during the European session but turned south in the early American trading hours. As of writing, the pair was down 0.08% on a daily basis at 0.9102. For the week, USD/CHF remains on track to post small losses.

DXY fails to stage a rebound

The greenback continues to have a difficult time finding demand on the last day of the week. In the absence of significant fundamental drivers and macroeconomic data releases, the US Dollar Index (DXY) fluctuates in a tight range below 93.50 on Friday. 

In an interview with CNBC, Chicago Federal Reserve Bank President Charles Evans said that they could do more to enhance the quantitative easing depending on how the economy looks in spring. Evans further reiterated that the Fed will keep rates at zero until maximum employment and the inflation goal is achieved. As of writing, the DXY was virtually unchanged on a daily basis at 92.29.

Meanwhile, Wall Street's main indexes look to open little changed, suggesting that the market sentiment is unlikely to provide a directional clue to USD/CHF

Technical levels to watch for


Today last price 0.9102
Today Daily Change -0.0002
Today Daily Change % -0.02
Today daily open 0.9104
Daily SMA20 0.9116
Daily SMA50 0.9136
Daily SMA100 0.9167
Daily SMA200 0.9402
Previous Daily High 0.9139
Previous Daily Low 0.9104
Previous Weekly High 0.9192
Previous Weekly Low 0.8984
Previous Monthly High 0.9219
Previous Monthly Low 0.9031
Daily Fibonacci 38.2% 0.9118
Daily Fibonacci 61.8% 0.9126
Daily Pivot Point S1 0.9093
Daily Pivot Point S2 0.9081
Daily Pivot Point S3 0.9057
Daily Pivot Point R1 0.9128
Daily Pivot Point R2 0.9151
Daily Pivot Point R3 0.9163



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. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Feed news

Latest Forex News

Latest Forex News

Editors’ Picks

EUR/USD advances after US PCE inflation

EUR/USD pressures weekly highs as US core PCE inflation jumped to 3.4% YoY in May, as expected. High yielding assets accelerate their advances to the detriment of the greenback, as government bond yields hold steady.


GBP/USD battles with 1.3900, still affected by BOE’s decision

GBP/USD remains depressed around 1.3900, pressured by the dovish BOE's surprise offsetting the renewed weakness in the US dollar. Worsening market mood amid Delta covid strain concerns weigh on the pound


XAU/USD rises towards key $1794 resistance ahead of US PCE inflation

Gold is picking up the bid tone in European trading, taking advantage of the retreat in the US Treasury yield and the dollar across the curve. 

Gold News

SafeMoon Price Prediction: SAFEMOON ponders 25% advance

SafeMoon price has underperformed relative to top altcoins but is preparing for a move higher. A retest of the range low at $0.00000257 seems likely before SAFEMOON catapults.

Read more

US PCE inflation preview: Data likely to reaffirm FOMC's hawkish tilt

The US Bureau of Economic Analysis will release the PCE inflation report on Friday, June 25. Markets expect the Core PCE Price Index, the Federal Reserve’s preferred gauge of inflation, to rise to 3.4% on a yearly basis in May from 3.1% in April.

Read more