{"id":151796,"date":"2023-09-08T02:46:14","date_gmt":"2023-09-07T21:16:14","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=151796"},"modified":"2023-09-08T02:46:14","modified_gmt":"2023-09-07T21:16:14","slug":"usd-chf-continues-to-advance-as-the-usd-remains-resilient-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/usd-chf-continues-to-advance-as-the-usd-remains-resilient-crypto-news\/","title":{"rendered":"USD\/CHF continues to advance as the USD remains resilient &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<p>\n                        <span class=\"fxs_socialmedia_bar_share_label\">Share:<\/span><\/p>\n<ul>\n<li><strong>USD\/CHF rose to 0.8925, up by 0.20% daily.<\/strong><\/li>\n<li><strong>Switzerland Unemployment data from August didn\u2019t show any surprises.<\/strong><\/li>\n<li><strong>Hawkish bets on the Fed boosts the USD<\/strong><\/li>\n<\/ul>\n<p>On Thursday, the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/currencies\/usdchf\">USD\/CHF<\/a> continued to gain ground, driven by a strong USD whose DXY index traded at highs since March above 105.00.<\/p>\n<p>On the data front, the US reported that Initial Jobless Claims came in lower than expected in the first week of September, with the headline figure at 216,000, lower than the expected figure of 234,000 and decelerating from the previous 229,000. On the Swiss side, the Unemployment rate came in at 2.1%\u00a0 in August, matching the consensus.<\/p>\n<p>What\u2019s strengthening the USD seems to be investors placing hawkish bets on the Federal Reserve (Fed) due to the continuing favourable reports of the US economic activity. Despite US Treasury yields decreasing, the CME FedWatch tool suggests that swaps markets are pricing in higher probabilities of nearly 40% of a 25 basis point (bps) hike by the Fed in the November and December meetings.<\/p>\n<h2 class=\"fxs_headline_medium\">USD\/CHF Levels to watch\u00a0<\/h2>\n<p>\u00a0The daily chart <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/analysis\">analysis<\/a> shows that the short-term outlook for USD\/CHF appears bullish. The Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) maintain favourable positions, with the RSI above its midline and displaying an upward trend and the MACD exhibiting green bars. In addition, the pair is above the 20 and 100-day Simple Moving Averages (SMAs), but below the 200-day SMA, pointing towards the prevailing strength of the bulls in the larger context.<\/p>\n<p>Support levels: 0.8900, 0.8877 (100-day SMA), 0.8850.<\/p>\n<p>\u00a0Resistance levels: 0.8950, 0.9000, 0.9030.<\/p>\n<h2 class=\"fxs_headline_medium\">USD\/CHF Daily Chart<\/h2>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Share: USD\/CHF rose to 0.8925, up by 0.20% daily. Switzerland Unemployment data from August didn\u2019t show any surprises. Hawkish bets on the Fed boosts the USD On Thursday, the USD\/CHF continued to gain ground, driven by a strong USD whose DXY index traded at highs since March above 105.00. On the data front, the US [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":14254,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,276,255,250,277,252,247,253,249,597,256,254],"class_list":["post-151796","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-currencies","tag-gta","tag-looks-rare","tag-majors","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-usdchf","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/151796","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=151796"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/151796\/revisions"}],"predecessor-version":[{"id":151797,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/151796\/revisions\/151797"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/14254"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=151796"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=151796"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=151796"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}