USD/CHF Price Analysis: Approaching the peak of a triangle formation

  • The USD/CHF is approaching the peak of a two-month-old triangle formation.
  • Daily charts show the pair capped below triangle resistance, at 0.9730.


US dollar rebound from two-week lows at 0.9640 has been capped at 0.9735 where the pair has found resistance at the upper limit of the last two months’ triangle formation.

The daily chart shows the pair printing lower highs and higher lows, squeezed within ever-narrowing limits approaching the peak of a triangle shape. With the pair supported so far above the 50-day SMA, a daily close above trendline resistance, right now around 0.9730 would set the dollar aiming towards the 200-day SMA at 0.9785 on its way to March 23 highs at 0.9900.

On the downside, the 50 and 100-day SMA, at 0.9685/0.9700 are closing the path towards trendline support at 0.9650 and May 1 low at 0.9590.


USD/CHF daily chart

USD/CHF daily chart


USD/CHF key levels to watch


Today last price 0.9723
Today Daily Change 0.0018
Today Daily Change % 0.19
Today daily open 0.9705
Daily SMA20 0.9709
Daily SMA50 0.9696
Daily SMA100 0.9687
Daily SMA200 0.9786
Previous Daily High 0.9713
Previous Daily Low 0.9645
Previous Weekly High 0.9755
Previous Weekly Low 0.9665
Previous Monthly High 0.9803
Previous Monthly Low 0.9595
Daily Fibonacci 38.2% 0.9687
Daily Fibonacci 61.8% 0.9671
Daily Pivot Point S1 0.9662
Daily Pivot Point S2 0.962
Daily Pivot Point S3 0.9594
Daily Pivot Point R1 0.973
Daily Pivot Point R2 0.9756
Daily Pivot Point R3 0.9798




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

FXStreet Trading Signals now available!

Access to real-time signals, community and guidance now!

Latest Forex News

Editors’ Picks

EUR/USD chops around amid end-of-month flows, ahead of Trump

EUR/USD is battling 1.11, close to the two-month highs amid choppy trading. Hopes for a fiscal boost in Europe and mixed satisfactory data have supported the currency pair. , Sino-American tensions are rising and investors await President Trump's China announcement.


GBP/USD advances amid US dollar weakness, shrugging off concerns

GBP/USD is trading above 1.23, edging higher amid US dollar weakness and Britain's gradual reopening. Intensifying Sino-American tensions and the Brexit impasse are ignored. 


Cryptocurrencies: $348M in matured derivatives boost the market

Futures and options contracts' expiration brings a wave of volatility to the crypto market. Ethereum takes advantage and attacks resistances in the market dominance chart, Bitcoin goes back. Ripple disappoints despite regaining the third place in market capitalization.

Read more

Canada's economy falls by 8.2% annualized in Q1, better than expected, USD/CAD shakes

The Canadian economy squeezed by an annualized rate of 8.2% in the first quarter of 2020, better than -10% expected. Quarterly, Gross Domestic Product (GDP) squeezed by 2.1%. Most of the downfall occurred in March, with a drop of 7.2%, better than 8.5% projected. 

Read more

WTI drops 4% and eyes $32 mark amid risk-off, weakening demand

The selling pressure around WTI (July futures on Nymex) accelerates following the break below the 33 level, as bears now target the 32 support zone heading into the key US macro data and US President Donald Trump’s response to the Hong Kong issue.

Oil News