USD/CHF nearing the 0.9800 handle amid the USD long trade

The US bond yields sent the US dollar higher with the 10-year benchmark at highs not seen since 2014.  The USD/CHF is nearing its 100-period simple moving average at 0.9790 on the weekly chart. The USD/CHF is trading at around 0.9771 up 0.25% as the pair is underpinned by strong US dolla ...

USD/CHF now eyes 0.9857 – Commerzbank

In light of the recent upside, the pair now looks to the 0.9857 level, according to Karen Jones, Head of FICC Technical Analysis at Commerzbank. Key Quotes “USD/CHF 2017-2018 downtrend at .9858 has eroded the 61.8% Fibonacci retracement at .9714 and the 55 and 200 week moving averages and i ...

USD/CHF claiming 0.9700 handle amid USD buying wave

Higher bond yields and upbeat Fed members´ comments trigger renewed interest in the buck. The US Dollar Index is now targetting the 90.00 handle. USD/CHF bull trend is intact and the bulls now broke above the 0.9700 psychological level. The USD/CHF is trading at around 0.9715  ...

USD/CHF keeps rising on the back of a weak Swiss Franc, tests 0.9700

Swiss Franc continues to slide against US Dollar, no matter what.  EUR/CHF very close to famous 1.2000. The Swiss franc continues to be among the worst performers in the currency market. The USD/CHF pair is about to post the second gain in-a-row and highest close since January 11. Th ...

USD/CHF tough resistance expected at 0.9692/96 – Commerzbank

The pair’s upside is poised to face strong resistance in the 0.9692/96 band, suggested Axel Rudolph, Senior Technical Analyst at Commerzbank. Key Quotes “USD/CHF retests the 200 day ma at .9658. This resistance is reinforced by the .9692/96 55 and 200 week moving averages as well as th ...

USD/CHF retreats to 0.9577 after being unable to break key resistance

Spot retreats after being unable to break key resistance.  Trends still point to the upside but risk of a more deep correction rise.  The USD/CHF pair is falling on Monday, retreating after testing during several sessions the 0.9640 resistance area. The greenback failed to brea ...

USD/CHF faces strong resistance near 0.9658 – Commerzbank

Axel Rudolph, Senior Technical Analyst at Commerzbank, noted the 0.9660 region could cap gains for the time being. Key Quotes “USD/CHF 200 day ma comes in at .9658 once more nears the 200 day ma at .9658 which may short term cap again. This resistance is reinforced by the .9691/95 55 and 20 ...

USD/CHF: Rally losses momentum at key technical resistance

Swiss franc remains weak in the market despite geopolitical tensions.  USD/CHF fails to break monthly highs and retreats.  EUR/CHF heads for the highest close since 2015. The USD/CHF pair is about to end the day on a weak note despite posting gains. Again the rally of the US Dolla ...

USD/CHF rebound expected to struggle around 0.9658 – Commerzbank

In light of the ongoing rebound, Karen Jones, Head of FICC Technical Analysis at Commerzbank, believes the pair should meet strong hurdle around 0.9658. Key Quotes “USD/CHF 200 day ma at .9658 is seeing a bounce from the 20 day ma at .9545 and the uptrend at .9545. We suspect that the bounc ...

USD/CHF remains below 0.96 handle, 100-DMA ahead of US CPI

   •  Reviving safe-haven demand underpins CHF and caps early uptick.    •  Persistent USD bearish sentiment does little to lend support.    •  Investors eye US CPI/FOMC minutes for fresh directional impetus. The USD/CHF pair struggled t ...

USD/CHF drops to 1-week lows, below mid-0.9500s ahead of US PPI

   •  On offers for the third consecutive session amid subdued USD demand.    •  Risk-on mood does little to influence CHF’s safe-haven appeal and lend support.    •  Traders now look forward to the latest PPI print for some fres ...

USD/CHF scope for a test of 0.9525/0.9425 – Commerzbank

In light of the recent price action, the pair could slip back and test the 0.9525/0.9425 area, suggested Karen Jones, Head of FICC Technical Analysis at Commerzbank. Key Quotes “USD/CHF 200 day ma at .9658 is backing away from challenging the 200 day ma at .9658. We suspect that this wil ...