USD/CHF remains firm after tariff relief and employment data

• The USD/CHF is quoted near the 0.8900 area after the US Secretary of Commerce reveals relief plans for the automotive industry and the feeling of risk would improve slightly.
• The demand of the dollar remains backed by commercial developments and labor data of the US weakest than expected, feeding speculation about monetary policy.
• The technical perspective remains cautiously bullish while the USD/CHF navigates by key mobile socks and consolidates recent profits.

The USD/CHF torque is quoting around 0.8900 during the American session on Tuesday, benefiting from the general fortress of the US dollar (USD). The US Secretary of Commerce, Howard Lutnick, revealed White House plans aimed at relieving tariffs on US car manufacturers, supporting a slight recovery in global appetite due to risk. Meanwhile, the American dollar index (DXY) advances towards 99.30, backed by the expectations that the weakest data in the labor market and consumer confidence could lead to the Federal Reserve (Fed) towards a more cautious policy stance. However, uncertainty persists around commercial negotiations between the US and China, which prevents a strongest Rally of the USD.

The data of the US Labor Statistics Office (BLS) showed that the Survey of Employment and Labor Rotation (Jolts) of March fell to 7,192 million, below the expectations of 7.5 million and marking the lowest reading since September. At the same time, the Conference Board Conference Conference Index fell dramatically at 86.0 in April, suggesting an increase in economic pessimism. Despite the weakest labor and feeling, the USD won modestly as the markets anticipated a possible relief of commercial tariffs and expected key economic figures later in the week, including GDP and launches of the PMI ISM.

In other places, geopolitical headlines influenced the feeling of risk. The secretary of the US Treasury, Scott Besent, emphasized that China should take the initiative to dispose of commercial tensions, while the Beijing movement to eliminate the 125% tariff on the imports of the US EE.UU. It was seen as a marginal positive. The markets remain cautious, particularly as the contradictory messages of Washington and Beijing add uncertainty.

Technical analysis

The USD/CHF maintains a constructive tone above 0.8880, leaning towards a gradual advance. The single mobile average (SMA) of 20 days is around 0.8870, offering immediate support, while the 50 -day SMA about 0.8820 provides a secondary soil. Momentum indicators reflect a slight bullish trend: the 14 -day relative force index (RSI) is stabilized around 55, while the MACD approaches a bullish crossing. On the positive side, if the bulls exceed 0.8915, the next resistance could arise around 0.8950, followed by the psychological barrier in 0.9000. A rupture below 0.8870 could expose 0.8820 and 0.8780 as support areas.

With a slight improvement in the feeling of risk, the support of the White House to the manufacturers of automobiles and mixed economic data of the United States, the USD/CHF remains to the short -term rise. However, the broader movements will depend on the next US economic releases and additional commercial developments.

Daily graph