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USD/CHF Asia Price Forecast: Greenback holds above 0.9700 vs. Swiss franc

  • USD/CHF’s bull trend remains intact as the spot holds above the 0.9700 figure. 
  • The level to beat for bulls is the 0.9800 resistance.
 
 

USD/CHF daily chart

 
 
USD/CHF is trading below the 100 and 200 SMA on the daily chart as the market is consolidating the last leg up. 
 

USD/CHF four-hour chart

 
USD/CHF is trading above the 50/200 SMAs on the four-hour chart leaving the bull trend intact as bulls will be looking for a break above the 0.9800 handle en route towards the 0.9900 figure while support is expected to emerge near the 0.9700 and 0.9600 levels on the way down. 
 

Additional key levels

USD/CHF

Overview
Today last price0.972
Today Daily Change0.0026
Today Daily Change %0.27
Today daily open0.9694
 
Trends
Daily SMA200.9662
Daily SMA500.9677
Daily SMA1000.9735
Daily SMA2000.9809
 
Levels
Previous Daily High0.9793
Previous Daily Low0.9686
Previous Weekly High0.9796
Previous Weekly Low0.9502
Previous Monthly High0.9902
Previous Monthly Low0.9183
Daily Fibonacci 38.2%0.9727
Daily Fibonacci 61.8%0.9752
Daily Pivot Point S10.9655
Daily Pivot Point S20.9617
Daily Pivot Point S30.9548
Daily Pivot Point R10.9763
Daily Pivot Point R20.9832
Daily Pivot Point R30.9871

Author

Flavio Tosti

Flavio Tosti

Independent Analyst

 

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