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USD/CHF Technical Analysis: The Greenback drop is landing on 0.9910 support

USD/CHF daily chart

  • USD/CHF is trading in a sideways trend as the currency pair is testing the 50, 100 and 200-day simple moving averages (SMAs).

USD/CHF 4-hour chart

  • Bears broke below the 50 SMA as the market is sliding down.

USD/CHF 30-minute chart

  • Bears need a break below the 0.9910 support to extend the current drop to the 0.9870 level.
  • To the upside, resistance lies at 0.9940 and 0.9960. 
  • Bears seem to have run of steam for the time being leaving the door potentially open for USD/CHF bulls to take the lead.

Additional key levels

USD/CHF

Overview:
    Today Last Price: 0.9913
    Today Daily change: -11 pips
    Today Daily change %: -0.11%
    Today Daily Open: 0.9924
Trends:
    Daily SMA20: 0.988
    Daily SMA50: 0.9914
    Daily SMA100: 0.9901
    Daily SMA200: 0.9904
Levels:
    Previous Daily High: 0.9976
    Previous Daily Low: 0.9922
    Previous Weekly High: 0.9991
    Previous Weekly Low: 0.9922
    Previous Monthly High: 1.0009
    Previous Monthly Low: 0.979
    Daily Fibonacci 38.2%: 0.9942
    Daily Fibonacci 61.8%: 0.9955
    Daily Pivot Point S1: 0.9906
    Daily Pivot Point S2: 0.9887
    Daily Pivot Point S3: 0.9852
    Daily Pivot Point R1: 0.9959
    Daily Pivot Point R2: 0.9994
    Daily Pivot Point R3: 1.0013

 

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