USD/CHF New York Price Analysis: Dollar eases from session highs, trades below 0.9830 vs. Swiss franc

USD/CHF prints another 2020 high and retraces down in the New York session.
Bears are challenging the 0.9830 level.

Flavio Tosti Independent Analyst

USD/CHF daily chart

After hitting yet again a new 2020 high, USD/CHF is easing from session highs. The spot is trading below the 200-day simple moving averages suggesting an overall bearish momentum in the long term.

USD/CHF four-hour chart

Dollar/Swiss is trading in a rising wedge while challenging the 0.9830 support. Bears want a daily close below the 0.9830 level and the trendline and target the 0.9800 and 0.9770 levels. On the flip side bulls remain in control for now and are looking for a daily break above the 0.9850 level to hit 0.9870 and the 0.9900 figure.

Resistance: 0.9850, 0.9870, 0.9900

Support: 0.9830, 0.9800, 0.9770

Additional key levels

USD/CHF

Overview
Today last price	0.9822
Today Daily Change	-0.0016
Today Daily Change %	-0.16
Today daily open	0.9838

Trends
Daily SMA20	0.9745
Daily SMA50	0.9741
Daily SMA100	0.9831
Daily SMA200	0.9861

Levels
Previous Daily High	0.9846
Previous Daily Low	0.9817
Previous Weekly High	0.9823
Previous Weekly Low	0.974
Previous Monthly High	0.9768
Previous Monthly Low	0.9613
Daily Fibonacci 38.2%	0.9835
Daily Fibonacci 61.8%	0.9828
Daily Pivot Point S1	0.9822
Daily Pivot Point S2	0.9805
Daily Pivot Point S3	0.9793
Daily Pivot Point R1	0.985
Daily Pivot Point R2	0.9862
Daily Pivot Point R3	0.9878

Author

Flavio Tosti

Independent Analyst

GBP/USD loses momentum, flirts with 1.3200

GBP/USD is struggling to maintain its positive bias on Thursday, retreating toward the 1.3200 region in response to the pick in the buying interest around the Greenback. That said, Cable remains under scrutiny as cautious market sentiment keeps investors focused on the US-Iran conflict and political effervescence in the UK.

EUR/USD trims gains, challenges 1.1400

EUR/USD now gives away part of its earlier advance, receding toward the 1.1400 contention zone on Thursday. Meanwhile, the pair’s recovery comes amid extra losses in the US Dollar, at the time when while investors continue to monitor developments in the Middle East and sentiment surrounding global technology stocks.

Gold remains bid and close to $4,100

Gold accelerates its recovery and approaches the key $4,000 mark per troy ounce at the end of the week, adding to Thursday’s advance. However, expectations for a hawkish Fed remain steady and keep the yellow metal’s potential upside contained.

Crypto Today: Bitcoin at $60,000, Ethereum at $1,500, and XRP at $1 face a make-or-break test

Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are trading in the red on Friday after three consecutive days of losses, testing their respective make-or-break support levels.

Week ahead – NFP report to challenge Dollar strength and the hawkish Fed

Dollar strength dominates markets, as the hawkish Fed overshadows geopolitics and lower oil prices. NFP week could drive September Fed hike expectations and boost market volatility. The euro lacks fresh bullish catalysts, all eyes on the preliminary inflation report and the ECB Forum.

Regime change: Inside Kevin Warsh's first move to make the Fed unreadable on purpose

The rate did not move. That was the least interesting thing about Kevin Warsh's first meeting in charge of the Fed. The FOMC held its benchmark at 3.50%-3.75% for the fourth straight meeting, exactly as priced, and then the new chair used his first press conference to dismantle the machinery the market has leaned on for a decade.