USD/CHF Live News

This page provides live coverage and news analysis on the USD/CHF currency pair

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Mar. 3, 2021

Today at 1:15 PM: United States ADP Nonfarm Employment Change (Feb), Dollar/Swiss moves to 0.9152 in anticipation

Live - Updated 13 minutes ago.

Dollar/Swiss today at a glance – a mostly flat day so far for USD/CHF ranging between 0.9155 and 0.9137 and is now at 0.9152. The United States ADP Nonfarm Employment Change (Feb) is next. (Start trading Swiss francs at FXTM today).

Swiss franc technical analysis picture ahead of data: The chart visual study suggests the Dollar/Swiss nearest support level is at 0.87. In terms of trend indicators, we can see that the CCI indicator is above 100. When the CCI (Commodity Channel Index) is at this level, it means the price is above the average price as measured by the indicator, indicating a possible start of a new uptrend. Asset volatility analysis shows that the upper Bollinger band is at 0.9221, indicating a downward move might be next.

Overall, technical indicators suggest the Swiss franc has no obvious direction for the immediate future.

As the market gets ready for data release –

Earlier data releases related to Swiss franc – data for United States API Weekly Crude Oil Stock released yesterday at 9:30 PM came out at 7.36 million, beating projections of -1.85 million and showing improvement over the preceding figure of 1.03 million.

Coming for Dollar/Swiss – Switzerland Consumer Price Index projected to outperform last figure with 0.4 while it previously stood at 0.1, data will be released today at 7:30 AM. Switzerland's GDP is expected today at 6:45 AM.

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Week to date

After 4 months and a half hiatus, Dollar/Swiss is back at 0.9194 levels. .

Trading week in a glance - USD/CHF is hesitant but green - from an earlier low of 0.9, USD/CHF is up to 0.9152 gaining 78 pips compared to the 0.9074 start of the week (0.86%). (Trade Swiss francs with FXTM now).

A look at other markets shows behavior that usually indicates a green move for the Swiss franc, as after a 7 month hiatus, dollar/yen is back at 106.96 levels. The GBP/CAD rallied beyond 1.7778 for the first time in 11 months. Crude oil made its largest single-week drop ($3.17) since October 2020

At the same time, EUR/CAD fell to 1.5196, hitting an 8 month low. Gold fell to $1,708.4, hitting an 8 month low.