USD/CHF drops to fresh 10-day lows after short-live rebound

The USD/CHF pair peaked at the beginning of the US session at 1.0051, reaching the highest level in two day but then turned again to the downside, fal  |  15/03/2019 16:01
  • USD/CHF falls toward the parity level, retreating from 2-day highs. 
  • US Dollar Index resumes decline and hits fresh weekly lows. 

The USD/CHF pair peaked at the beginning of the US session at 1.0051, reaching the highest level in two day but then turned again to the downside, falling to 1.0008, a fresh 10-day low. 

The pair remains with a negative tone and close to the 1.0000 area. The move to the downside took place a mid a decline of the US dollar across the board on the back of lower US yields and an improvement in risk sentiment. 

Some better-than-expected data from the US did not help the dollar. The Consumer Sentiment survey from the University of Michigan reported an improvement to 97.8 in March from 93.8, significantly above expectations. Previously it was reported that industrial production rose 0.1% in February, below the 0.4% expected. 

On a weekly basis, USD/CHF is consolidating weekly losses, retreating from multi-month highs. Again, the greenback was rejected from above 1.0100. Below parity, a strong support is seen around 0.9960/70 (20-week moving average). 

USD/CHF

Overview:
    Today Last Price: 1.0016
    Today Daily change: -22 pips
    Today Daily change %: -0.22%
    Today Daily Open: 1.0038
Trends:
    Daily SMA20: 1.0032
    Daily SMA50: 0.9976
    Daily SMA100: 0.997
    Daily SMA200: 0.992
Levels:
    Previous Daily High: 1.0052
    Previous Daily Low: 1.0028
    Previous Weekly High: 1.0125
    Previous Weekly Low: 0.9977
    Previous Monthly High: 1.01
    Previous Monthly Low: 0.9921
    Daily Fibonacci 38.2%: 1.0037
    Daily Fibonacci 61.8%: 1.0043
    Daily Pivot Point S1: 1.0027
    Daily Pivot Point S2: 1.0015
    Daily Pivot Point S3: 1.0003
    Daily Pivot Point R1: 1.0051
    Daily Pivot Point R2: 1.0063
    Daily Pivot Point R3: 1.0075

 

Share

Popular News

Show More Popular News

Market Insight's Views

Market Insight analyses will provide both fundamental and technical comprehensions on FX
and other asset classes for Market Insight viewers

RISK WARNING

The information provided herein is for general informational and educational purposes only. It is not intended and should not be construed to constitute advice.

If such information is acted upon by you then this should be solely at your discretion and GKFX will not be held accountable in any way.

  • ForexF
  • IndicesI
  • CommoditiesC
        Back

        Login to Market Insight Account

        Your Market Insight account gives you access to the tools that we offer our customers including our
        Technical Studies & Sentiment for your accounts.

        Forgot Password?

        Don't you have a Market Insight account? With a few easy steps you can easily register to Market Insight

        Create a Market Insight's Account

        Your Market Insight account gives you access to the tools that we offer our customers including our Technical Studies & Sentiment for your accounts.

        register_ty

        Thank you!

        Welcome to Market Insight family!

        You have succesfully completed the registration.
        We will send you an e-mail to give you some
        instructions and our Terms and Conditions!
        Our account representatives will be contacting you as
        soon as possible. If you have any further questions
        please do not hesitate to mail us via info@marketinsight.com