USD/CHF Price Analysis: A break above 0.92 is what the bulls need right now


  • USD/CHF is trading 0.19% lower on Thursday. 
  • The pair has just crept back below an important level at 0.92.

USD/CHF 4-hour chart

USD/CHF has broken back into the previous consolidation area below 0.92. The price is doing its best to push higher but this zone has been a formidable resistance in the past. Tomorrow the market will get the latest non-farm payroll result and that could inspire some volatility for some action in the pair. 

The market has continued to make higher highs and higher lows and the green upward sloping trendline could be the next support should the price continue to fall. 

The Relative Strength Index has made an interesting pattern. It is called a bullish failure swing, this is when the price makes a higher low but the Relative Strength Index makes a lower low wave. The indicator is currently hugging the oversold area and could push up at any time now. 

The MACD, however, is looking bearish as the histogram is in the red and the signal lines are also under the middle-point. The histogram bars are diminishing in size and there could be a break above soon. 

Overall the chart is still a bullish one and a break above 0.92 would confirm this. Over the next couple of sessions, the bulls would need a close above the black rectangle and then it could be a bullish trend again.

USD/CHF analysis

Additional levels

USD/CHF

Overview
Today last price 0.9188
Today Daily Change -0.0022
Today Daily Change % -0.24
Today daily open 0.921
 
Trends
Daily SMA20 0.9157
Daily SMA50 0.9133
Daily SMA100 0.9328
Daily SMA200 0.9508
 
Levels
Previous Daily High 0.9245
Previous Daily Low 0.9162
Previous Weekly High 0.9296
Previous Weekly Low 0.9087
Previous Monthly High 0.9296
Previous Monthly Low 0.8999
Daily Fibonacci 38.2% 0.9213
Daily Fibonacci 61.8% 0.9194
Daily Pivot Point S1 0.9166
Daily Pivot Point S2 0.9123
Daily Pivot Point S3 0.9084
Daily Pivot Point R1 0.9249
Daily Pivot Point R2 0.9288
Daily Pivot Point R3 0.9331

 

 

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