Weekly USD/CHF technical outlook

Last Update At 27 Jun 2022 01:55GMT.

Trend daily chart

Sideways

Daily Indicators

Turning down

21 HR EMA

0.9581

55 HR EMA

0.9600

Trend hourly chart

Sideways

Hourly Indicators

Neutral

13 HR RSI

45

14 HR DMI

-ve

Daily analysis

Choppy consolidation to continue.

Resistance

0.9689 - Last Wed's high.
0.9633 - Last Tue's low (now res).
0.9602 - Last Thur's NY high.

Support

0.9568 - Thur's low.
0.9523 - Last Thur's low.
0.9496 - 123.6% ext. of 0.9679-0.9568 fm 0.9633.

USD/CHF - 0.9572.. Dlr remained on the back foot last week. Price fell fm 0.9689 to 0.9582 Wed n despite rebounding to 0.9679, dlr met selling n tumbled to a 2-month bottom at 0.9523 in NY Fri b4 rebounding on cross-selling in chf.

On the bigger picture, dlr's impressive rise fm Jan's near 6-year bottom at 0.8758 to as high as 0.9472 on the 1st day of Apr due to rally in U.S. yields suggests erratic fall fm 1.0344 (2016 peak) to retrace LT rise fm 2015 record low at 0.7360 has ended n despite subsequent 1-year long monthly sideways swings, dlr's rally abv 0.9472 in Apr to a near 3-year peak of 1.0064 (May) suggests price would head twd 1.0128 but 2019 peak at 1.0238 (Apr) should hold. Despite staging a strong rally from 0.9516 (May) to 1.0052 in post-FOMC last Wed, sub- sequent sharp fall to 1.0631 Thur in post-SNB trading wud prolong choppy trading below 1.0064. As long as 0.9520/23 holds, upside bias remains for 0.9633, 0.9689.

Today, despite dlr's selloff below 0.9568 (Thur) to 0.9523 Fri, subsequent rebound suggests decline fm Jun's near 1-month peak at 1.0052 has possibly made a temporary trough there n consolidation with upside bias remains for gain twd 0.9633, break wud yield further gain to 0.9679/89. Below 0.9563/68, 0.9640.

USDCHF

Trendsetter does not warrant or guarantee the accuracy, timeliness or completeness to its service or information contained therein. Trendsetter does not give, whatsoever, warranties, expressed or implied, to the results to be obtained by using its services or information it provided. Users are trading on their own risk and Trendsetter shall not be responsible under any circumstances for the consequences of such activities. Trendsetter and its affiliates, in no event, be liable to users or any third parties for any consequential damages, however arising, including but not limited to damages caused by negligence whether such damages were foreseen or unforeseen.

Feed news Join Telegram

Recommended Content


Recommended Content

Editors’ Picks

EUR/USD extends slide toward mid-1.0200s after US data

EUR/USD extends slide toward mid-1.0200s after US data

EUR/USD continues to decline toward 1.0250 during the American trading hours on Friday. After the data published by the UOM showed that the long-run inflation outlook rose to 3% in August from 2.9% in July, the dollar gathered strength against its rivals, weighing on the pair.

EUR/USD News

GBP/USD pushes lower 1.2100 on broad dollar strength

GBP/USD pushes lower 1.2100 on broad dollar strength

GBP/USD is trading deep in negative territory near 1.2100 during the American session on Friday. With the UoM's Consumer Sentiment Survey pointing to a modest increase in the long-run inflation outlook, the US Dollar Index extended its rally, reflecting a broad dollar strength.

GBP/USD News

Gold clings to modest gains above $1,790

Gold clings to modest gains above $1,790

Gold stays relatively resilient on Friday and trades modestly higher on the day above $1,790. Although the greenback continues to outperform its rivals on the latest US data, falling US Treasury bond yields help XAU/USD hold in positive territory.

Gold News

Shiba Inu ready to go ballistic: Shiba Eternity released in Vietnam

Shiba Inu ready to go ballistic: Shiba Eternity released in Vietnam

Shytoshi Kusama, the project leader of Shiba Inu announced the launch of Shiba Eternity for Vietnamese players. The game is available for testing and the team has asked users for their review. 

Read more

FXStreet Premium users exceed expectations

FXStreet Premium users exceed expectations

Tap into our 20 years Forex trading experience and get ahead of the markets. Maximize our actionable content, be part of our community, and chat with our experts. Join FXStreet Premium today!

BECOME PREMIUM

Majors

Cryptocurrencies

Signatures