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.

Flavio Tosti Independent Analyst

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 price	0.9759
Today Daily Change	-0.0002
Today Daily Change %	-0.02
Today daily open	0.9761

Trends
Daily SMA20	0.9762
Daily SMA50	0.9738
Daily SMA100	0.9825
Daily SMA200	0.9854

Levels
Previous Daily High	0.9805
Previous Daily Low	0.975
Previous Weekly High	0.9851
Previous Weekly Low	0.977
Previous Monthly High	0.9768
Previous Monthly Low	0.9613
Daily Fibonacci 38.2%	0.9771
Daily Fibonacci 61.8%	0.9784
Daily Pivot Point S1	0.9739
Daily Pivot Point S2	0.9718
Daily Pivot Point S3	0.9685
Daily Pivot Point R1	0.9794
Daily Pivot Point R2	0.9827
Daily Pivot Point R3	0.9849

Author

Flavio Tosti

Independent Analyst

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