#USDCHF @ 0.96915 -imp levels: Swiss franc among worst performers amid higher yields.
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- Swiss franc among worst performers amid higher yields.
- USD/CHF breaks key range and extends rally.
- EUR/CHF at the highest level in 11 days.
The pair currently trades last at 0.96915.
The previous day high was 0.967 while the previous day low was 0.9578. The daily 38.2% Fib levels comes at 0.9634, expected to provide support. Similarly, the daily 61.8% fib level is at 0.9613, expected to provide support.
The USD/CHF is holding onto daily gains on tis was to the highest close in a month. The pair peaked during the Asian session at 0.9707 and then pulled back, finding support at 0.9655/60.
The bias in USD/CHF is bullish in the short-term but while it remains unable to hold above 0.9700, the upside seems limited. A slide under 0.9600 could change the bias to bearish.
The US dollar weakened during the American session and kept USD/CHF below 0.9700. The DXY is flat on Monday, hovering around 108.80, after hitting a multi-decade high at 109.47.
Comments from European Central Bank policymakers during the weekend pushed European yields to the upside and weighed on the Swiss franc. The German 10-year yield is at 1.50%, about to post the highest close since late June.
The EUR/CHF is up for the second day in a row and peaked at 0.9696, the highest since August 18. It is back above the 20-day Simple Moving Average. A key resistance area is located around 0.9700 and a break higher could trigger more gains.
Technical Levels: Supports and Resistances
USDCHF currently trading at 0.9693 at the time of writing. Pair opened at 0.9658 and is trading with a change of 0.36 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 0.9693 |
| 1 | Today Daily Change | 0.0035 |
| 2 | Today Daily Change % | 0.3600 |
| 3 | Today daily open | 0.9658 |
The pair remains strongly bullish on the daily timeframe. It trades above its 20 SMA @ 0.9554, 50 SMA 0.962, 100 SMA @ 0.9663 and 200 SMA @ 0.945.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 0.9554 |
| 1 | Daily SMA50 | 0.9620 |
| 2 | Daily SMA100 | 0.9663 |
| 3 | Daily SMA200 | 0.9450 |
The previous day high was 0.967 while the previous day low was 0.9578. The daily 38.2% Fib levels comes at 0.9634, expected to provide support. Similarly, the daily 61.8% fib level is at 0.9613, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 0.96, 0.9543, 0.9508
- Pivot resistance is noted at 0.9692, 0.9727, 0.9784
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 0.9670 |
| Previous Daily Low | 0.9578 |
| Previous Weekly High | 0.9692 |
| Previous Weekly Low | 0.9574 |
| Previous Monthly High | 0.9886 |
| Previous Monthly Low | 0.9502 |
| Daily Fibonacci 38.2% | 0.9634 |
| Daily Fibonacci 61.8% | 0.9613 |
| Daily Pivot Point S1 | 0.9600 |
| Daily Pivot Point S2 | 0.9543 |
| Daily Pivot Point S3 | 0.9508 |
| Daily Pivot Point R1 | 0.9692 |
| Daily Pivot Point R2 | 0.9727 |
| Daily Pivot Point R3 | 0.9784 |
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