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USD/CHF New York Price Forecast: Dollar rebounds from session’s lows, nearing 0.9770 resistance

  • USD/CHF is bouncing from daily lows while nearing the 0.9770 resistance.
  • As the rebound could be short-lived, the level to beat for bears remains the 0.9730 support level. 
 

USD/CHF daily chart

 
USD/CHF is trading below its 100/200-day simple moving averages suggesting an overall bearish momentum in the long term. The market is challenging the 50 SMA.
 

USD/CHF four-hour chart

 
As expected the market reached the 0.9730 level from which it is now having a small rebound. Bears would need a daily close below the above-mentioned level to generate more losses towards the 0.9710 and 0.9680 level. On the flip side, buyers are looking for a break above the 0.9770 resistance to regain the 0.9800 figure. 
 
 
  
Resistance: 0.9770, 0.9800, 0.9830
Support: 0.9730, 0.9710, 0.9680
 

Additional key levels

USD/CHF

Overview
Today last price0.9759
Today Daily Change-0.0002
Today Daily Change %-0.02
Today daily open0.9761
 
Trends
Daily SMA200.9762
Daily SMA500.9738
Daily SMA1000.9825
Daily SMA2000.9854
 
Levels
Previous Daily High0.9805
Previous Daily Low0.975
Previous Weekly High0.9851
Previous Weekly Low0.977
Previous Monthly High0.9768
Previous Monthly Low0.9613
Daily Fibonacci 38.2%0.9771
Daily Fibonacci 61.8%0.9784
Daily Pivot Point S10.9739
Daily Pivot Point S20.9718
Daily Pivot Point S30.9685
Daily Pivot Point R10.9794
Daily Pivot Point R20.9827
Daily Pivot Point R30.9849

Author

Flavio Tosti

Flavio Tosti

Independent Analyst

 

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