USDCHF: Neutral
|USDCHF: 0.9754
Preferred Strategy: US$Chf has had a choppy session while waiting on the US CPI, due later today. The charts are mixed but in the medium term, as before, I still like the dollar higher, looking for a return towards 0.9800 and eventually for a run towards parity although it will take a decent CPI figure to see us make any headway. A close above the 200-DMA (0.9850) would help extend the uptrend – patience may be required! Wait for the CPI but prefer to be long rather than short.
| 24 Hour: Neutral | Medium Term: Prefer to buy dips | ||
| Resistance | Support | ||
| 0.9850 | 200 WMA | 0.9755 | Session high |
| 0.9835 | 200 DMA/(61.8% of 1.0099/0.9420) /6 Oct high | 0.9711/10 | Session low/4 Oct low |
| 0.9807 | 9 Oct high | 0.9685 | Minor |
| 0.9789 | 10 Oct high | 0.9676 | 2 Oct low (38.2% of 0.9420/0.9836) |
| 0.9763 | Session high | 0.9642 | 25 Sept low |
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.