USD/CHF Price Analysis: 0.9465 restricts break of short-term falling trendline


  • USD/CHF buyers attack the upper end of 0.9452-60 trading range.
  • Immediate horizontal resistance, 100/200-HMA tames upbeat break of three-day-old resistance line, now support.
  • 0.9420 acts as additional support before June month’s low, chart pattern suggest sideways moves to continue.

USD/CHF takes the bids around 0.9460, up 0.07% on a day, while heading into the European session on Friday. The quote keeps the upside break of a descending trend line from June 30. However, an immediate horizontal resistance line guards the pair’s rise around 0.9465.

Other than the 0.9465 upside barrier, 100 and 200 HMAs around 0.9470-75 could also challenge the quote’s advances, a break of which will refresh the monthly top around 0.9500.

Assuming the pair’s sustained trading beyond 0.9500, 0.9530 and June 12 high close to 0.9555 will become the bulls’ favorites.

On the flip side, the resistance-turned-support around 0.9435 can stop further selling of the pair below the intraday range of 0.9452-60.

Though, buyers’ inability to return past-0.9435 may not hesitate to challenge the weekly bottom of 0.9425 and attack June 23 low of 0.9420 to aim for a further downside below the 0.9400 threshold.

USD/CHF hourly chart

Trend: Sideways

Additional important levels

Overview
Today last price 0.946
Today Daily Change 7 pips
Today Daily Change % 0.07%
Today daily open 0.9453
 
Trends
Daily SMA20 0.9495
Daily SMA50 0.961
Daily SMA100 0.9637
Daily SMA200 0.9737
 
Levels
Previous Daily High 0.9465
Previous Daily Low 0.9427
Previous Weekly High 0.9527
Previous Weekly Low 0.942
Previous Monthly High 0.9651
Previous Monthly Low 0.9376
Daily Fibonacci 38.2% 0.9441
Daily Fibonacci 61.8% 0.9451
Daily Pivot Point S1 0.9432
Daily Pivot Point S2 0.941
Daily Pivot Point S3 0.9393
Daily Pivot Point R1 0.947
Daily Pivot Point R2 0.9487
Daily Pivot Point R3 0.9509

 

 

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