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. 
 

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

 

 

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.

Feed news

Latest Forex News


Latest Forex News

Editors’ Picks

EUR/USD pressured toward 1.17 amid higher US yields

EUR/USD is falling toward 1.17 as US bond yields rise amid the US fiscal impasse and ahead of US inflation figures. Coronavirus headlines and eurozone industrial output are also in play.

EUR/USD News

GBP/USD rises toward 1.3050 as UK Q2 GDP falls 20.4%

GBP/USD is rising toward 1.3050 after UK Q2 GDP fell by 20.4%, marginally above expectations. The devastating drop was priced in by markets and US inflation is now eyed.

GBP/USD News

Gold bounces above $1,900 after rapid collapse

Gold is trading above $1,900 recovering from the biggest rout in seven years. Profit-taking and higher US yields weigh on the precious metal. US inflation figures are eyed.

Gold News

Forex Today: Gold sell-off extends, dollar reigns supreme amid fiscal impasse, ahead of data

US bond yields are on the rise, supporting the recovering dollar and contributing to a sell-off in precious metals. The lack of progress in US fiscal talks and the increase in America's coronavirus deaths are among the depressing factors. US CPI is eyed.

Read more

WTI: Big move looks overdue

WTI could soon witness a big move in either direction. That’s because, the spread between Bollinger bands – volatility indicators placed 2 standard deviations above and below the 20-day simple moving average of price - has narrowed ...

Oil News

Forex MAJORS

Cryptocurrencies

Signatures