USD/CHF struggles to find direction, stays flat above 0.9950

US Dollar Index fails to hold above 96. CHF fails to take advantage of the risk-off mood. Coming up: Richmond Fed Manufacturing Index. The USD/CHF pair is fluctuating in a tight 30-pip range on Tuesday and is having a difficult time setting its next short-term direction. As of writing, th ...

USD/CHF Technical Analysis: Greenback bulls targeting the parity level

USD/CHF is trading in an uptrend above the 200-period simple moving average.  USD/CHF bulls are trying to break above 0.9986 (August high). A break above the level would expose the important psychological parity level and then 1.0068 (July 13 high).  A break below 0.9900 would likel ...

USD/CHF risks remain to the upside – Commerzbank

The pair keeps the upside risks unchanged for the time being, suggested Karen Jones, Head of FICC Technical Analysis at Commerzbank. Key Quotes “USD/CHF continues to sit just below the .9992 June high. The pullback from here has been tepid and has so far held above the 55 day ma which lies a ...

USD/CHF Technical Analysis: Greenback bulls nearing parity

USD/CHF is trading in a bull trend above the 200-period simple moving average.  USD/CHF bulls have been knocking at the August high but without being able to beak above the level so far.  Given the strong bull momentum, the bulls could reach the parity level but they would need t ...

USD/CHF refreshes 2-month tops and retreats

   •  A subdued USD price action fails to assist the pair to build on the positive momentum.    •  Risk-off mood further underpins CHF’s safe-haven status and keep a lid on further up-move.    •  Still remains on track to post gain ...

USD/CHF climbs to fresh 2-month tops, further beyond mid-0.9900s

   •  A goodish pickup in the US bond yields helped the USD to recover early lost ground.    •  Stronger US economic data provided an additional boost and remained supportive.     •  Risk-off mood/reviving safe-haven demand might kee ...

Upside risks remain in place in USD/CHF – Commerzbank

In opinion of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair keeps facing upside risks. Key Quotes “USD/CHF continues to hold below the .9956 78.6% retracement. This resistance is reinforced by the .9992 June high. The pullback from here has been tepid and has so fa ...

USD/CHF rises further to test monthly highs

USD/CHF adds to gains after FOMC minutes on the back of a stronger US dollar.  Pair heads for highest close since mid-August.  The USD/CHF pair printed fresh weekly highs following the release of hte FOMC minutes. The pair was already up for the day and climbed further, hitting a ne ...

USD/CHF extends gains above 0.99 ahead of FOMC minutes

US Dollar Index gains traction on Wednesday. Soft inflation data from the UK and the EU boost the demand for the buck. Coming up: Housing starts from the U.S. and the FOMC meeting minutes. After ending the previous day with modest gains boosted by improved market sentiment, the USD/CHF pai ...

USD/CHF Technical Analysis: Bulls await flag breakout

The USD/CHF pair has charted a bull flag pattern on the 4-hour chart. A break above the flag resistance, currently located at 0.9918, would signal a revival of the rally from the Sept. 21 low of 0.9542 and could yield a rally to 1.00. The 50, 100 and 200-candle EMAs on the 4-hour chart i ...

USD/CHF Technical Analysis: Rotation down should extend to 0.9800 figure

USD/CHF is in a bull trend as the market is trading above the 100 and 200-period simple moving averages (SMA).  However, bulls are starting to lose steam below the 0.9950 resistance as the RSI, MACD and Stochastic indicators are weakening. The pullback down is likely to continue with ...

USD/CHF finds support near mid-0.98s ahead of US data

US Dollar Index drops to 95 area on Monday. Coming up: Retail sales and NY Empire State Manufacturing data from the U.S. The broad-based greenback weakness witnessed in the first half of the day on Monday dragged the USD/CHF pair to a daily low at 0.9849. With the USD staging a modest recover ...

USD/CHF could slip back to 0.9813/0.9737 – Commerzbank

The pair could retreat to the 0.9813/0.9737 band, suggested Karen Jones, Head of FICC Technical Analysis at Commerzbank. Key Quotes “USD/CHF spent much of last week consolidating below the .9956 78.6% retracement. This resistance is reinforced by the .9992 June high. We look for the market t ...