USD/CHF hits weekly lows under 0.9150, approaches key long-term support
30.03.2023, 15:15

USD/CHF hits weekly lows under 0.9150, approaches key long-term support

  • Spain and German inflation declined YoY, but core prices still stubbornly high.
  • US Dollar under pressure on risk appetite, Treasuries drift sideways.
  • Further weakness in the Dollar could send USD/CHF to test the 0.9050 area.

The USD/CHF is losing over 50 pips on Thursday following Spain and Germany's preliminary Consumer Price Index (CPI) numbers and US Jobless Claims. The pair bottomed at 0.9124, the lowest level in a week.

After the beginning of the American session, USD/CHF staged a recovery to 0.9145 but it is back at 0.9130, showing that the bearish pressure persists.

Economic data on Thursday showed mixed numbers regarding inflation in the Eurozone. Spain's CPI figures came in below expectation, while the German annual CPI declined to 7.4% YoY, above the 7.5% of market consensus.

European markets are rising, with main indexes up by more than 2%. Wall Street is also rising, but off recent highs. The improvement in market sentiment weighs on the US Dollar. The DXY is falling 0.48%, approaching 102.00.

Crucial level back in the radar

The pair is headed toward the lowest daily close in two weeks and again looks at the long-term critical support area of 0.9050.

If Dollar's weakness persists, USD/CHF could drop to test the critical area. A break below, would expose 0.9000, and could open the door to significant losses ahead. At the same time, levels near 0.9050 have triggered sharp rebounds in 2023, and also during the fourth quarter of 2021.

Technical levels

 

© 2000-2025. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik