(VIANEWS) – Five consecutive days of negative USD/CHF trading closed and the pair lost over 100 pips in the last week. The pair remains in consolidation mode following data release from Switzerland on Monday. At 0.9053, USD/CHF stood flat at the time of writing.
FXStreet reported Monday that data from Switzerland revealed that the Consumer Price Index rose 0.7% to 0.7% yearly in July, up from 0.6% in June. The market expected this reading to match. Negative note: Annual Retail Sales declined by 0.1% from May’s 2.8% growth.
USD/CHF (USDCHF) is currently on bearish momentum. At 11:07 EST on Tuesday, 3 August, USD/CHF (USDCHF) is at 0.9040, 2.13% down since the last session’s close.
USD/CHF (USDCHF) Range
Regarding USD/CHF’s daily highs and lows, it’s 0.022% up from its trailing 30 days low of $0.90 and 2.439% down from its trailing 30 days high of $0.93.
USD/CHF’s yearly highs and lows, it’s 3.255% up from its 52-week low and 4.551% down from its 52-week high.
USD/CHF’s last week, last month’s, and last quarter’s current volatility was a negative 0.19%, a negative 0.08%, and a positive 0.49%, respectively.
USD/CHF’s current volatility rank, which measures how volatile a financial asset is (variation between the lowest and highest value in a period), was 0.27% (last week), 0.39% (last month), and 0.49% (last quarter), respectively.
Forex Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, USD/CHF’s Forex is considered to be overbought (>=80).
Last news about USD/CHF (USDCHF)
Usd/chf gains above 0.9050 as risk appetite improves, swiss data eyed. According to FXStreet on Monday, 2 August, "After falling above 0.9200 in the previous week, the USD/CHF pair prints minor gains on the fresh trading day of the week in initial Asian trading hours. "
Usd/chf extends sideways grind around 0.9050 after swiss data. According to FXStreet on Monday, 2 August, "The USD/CHF pair closed in the negative territory for five straight days and lost more than 100 pips last week. "
Usd/chf extends slide to fresh 7-week lows, closes in on 0.9000. According to FXStreet on Tuesday, 3 August, "The USD/CHF pair closed the first day of the week in the negative territory and extended its slide during the European trading hours on Monday. ", "On the other hand, the greenback remains on the back foot and allows USD/CHF to preserve its bearish momentum. "
News about USD/JPY
Usd/jpy: bearish trajectory keeps pace as lows brushed aside – 03 August 2021. According to DailyForex on Tuesday, 3 August, "The recent trend of the USD/JPY has created a rather significant downturn and traders may want to continue to anticipate further movement lower. ", "After reaching a high of nearly 111.70 in early July, the USD/JPY has displayed a definite and strong bearish trend lower. "
Usd/jpy consolidates in a range above mid-109.00s. According to FXStreet on Monday, 2 August, "Expectations that the Fed will retain its ultra-lose monetary policy stance for a longer period continued acting as a headwind for the USD and kept a lid on any meaningful gains for the USD/JPY pair, at least for now.", "This, in turn, was seen as a key factor that extended some support to the USD/JPY pair, though a modest US dollar weakness capped the upside."
Usd/jpy price analysis: testing critical daily support line at 109.25. According to FXStreet on Tuesday, 3 August, "The near-term technical outlook for USD/JPY appears bearish, as the spot awaits a daily closing below the two-month-old ascending trendline support at 109.25 to unleash additional downside."
Usd/jpy falls to two-week lows under 109.30 as US yields tumble. According to FXStreet on Monday, 2 August, "The USD/JPY dropped further during the American session and bottomed at 109.22, the lowest intraday level since July 19. "
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