- Stronger US Dollar, boosts USD/CHF to highest in two and a half months.
- DXY keeps rising, up 1.3% from Friday’s low.
The USD/CHF rose back above the parity level and advanced firm. It climbed to 1.0025, hitting the highest level since November 16. It is consolidating clearly above 1.0000, about to post the fourth daily gain in a row.
The move to the upside took place amid a rally of the US dollar across the board. The DXY rose to 96.41, reaching a fresh weekly high. It is about to post the fourth daily gain in-a-row, erasing last week losses.
Positive technical outlook for the US dollar
The rally of the last two days with USD/CHF firm above 1.0000, turned the technical outlook in favor to further gains. The pair broke a strong resistance and the next is seen at 1.0055 (May 2018 highs). The positive momentum will likely ease if the pair drops back under 0.9990.
USD/CHF
Overview:
Today Last Price: 1.0026
Today Daily change: 0.0027 pips
Today Daily change %: 0.27%
Today Daily Open: 0.9999
Trends:
Daily SMA20: 0.9919
Daily SMA50: 0.9913
Daily SMA100: 0.992
Daily SMA200: 0.9908
Levels:
Previous Daily High: 1.0021
Previous Daily Low: 0.9974
Previous Weekly High: 0.9996
Previous Weekly Low: 0.9905
Previous Monthly High: 0.9996
Previous Monthly Low: 0.9716
Daily Fibonacci 38.2%: 1.0003
Daily Fibonacci 61.8%: 0.9992
Daily Pivot Point S1: 0.9975
Daily Pivot Point S2: 0.9951
Daily Pivot Point S3: 0.9928
Daily Pivot Point R1: 1.0022
Daily Pivot Point R2: 1.0045
Daily Pivot Point R3: 1.0069
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