- USD/CHF finds support at 0.9430 but remains heavy at the mid-range of 0.9400.
- Below 0.9420 the pair would activate an H&S pattern aiming towards 0.9375 and 0.9325.
US dollar’s reversal from Tuesday’s high at 0.9530 has found support at 0.9420 on Thursday although the pair remains heavy on the short-term, capped below 0.9460 area. The 4-hour charts show the USD/CHF moving near the neckline of a head and shoulders pattern that would be activated below June 23 lows, at 0.9420.
Below the mentioned 0.9420/30 (Jun. 23 low, intra-day low) next potential support would be 0.9375 (Jun. 11 low) and then 0.9325 (March 11 low).
On the upside, immediate resistance lies at 0.9495 (Jul. 1 low). Above here, the next potential resistance could be at 0.9530 (Jun. 30 low) and 0.9585 (Jun. 9 high).
USD/CHF 4-hour chart
USD/CHF key levels to watch
|Today last price||0.9459|
|Today Daily Change||0.0001|
|Today Daily Change %||0.01|
|Today daily open||0.9458|
|Previous Daily High||0.9494|
|Previous Daily Low||0.9445|
|Previous Weekly High||0.9527|
|Previous Weekly Low||0.942|
|Previous Monthly High||0.9651|
|Previous Monthly Low||0.9376|
|Daily Fibonacci 38.2%||0.9464|
|Daily Fibonacci 61.8%||0.9475|
|Daily Pivot Point S1||0.9437|
|Daily Pivot Point S2||0.9417|
|Daily Pivot Point S3||0.9388|
|Daily Pivot Point R1||0.9487|
|Daily Pivot Point R2||0.9515|
|Daily Pivot Point R3||0.9536|
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