USD/CHF Price Analysis: Bulls battle 100-HMA, weekly resistance line


  • USD/CHF grinds higher around intraday top, keeps four-day trading range.
  • Key HMA, short-term resistance line challenge buyers below 200-HMA.
  • Firmer Momentum line favors corrective pullback, bulls need validation from 0.9275.

USD/CHF seesaws around day’s high of 0.9202, up 0.23% intraday during early Monday. In doing so, the Swiss currency (CHF) pair pokes 100-HMA while staying inside a short-term trading range established since the last four days.

The firmer Momentum line signals the quote’s run-up beyond the immediate hurdles, namely 100-HMA and a one-week-old resistance line, around 0.9200-9205.

However, 200-HMA and November 29 swing high, respectively near 0.9255 and 0.9275, which challenges the USD/CHF bulls past 0.9205.

On the flip side, pullback moves will aim for November 30 bottom near 0.9155 but any further weakness won’t hesitate to challenge the last month’s trough close to 0.9090.

It’s worth noting that the USD/CHF prices remain inside a gradual upward trajectory until the prices drop below 0.9090.

USD/CHF: Hourly chart

Trend: Further recovery expected

Additional important levels

Overview
Today last price 0.9202
Today Daily Change 0.0022
Today Daily Change % 0.24%
Today daily open 0.918
 
Trends
Daily SMA20 0.9242
Daily SMA50 0.923
Daily SMA100 0.92
Daily SMA200 0.9182
 
Levels
Previous Daily High 0.9218
Previous Daily Low 0.9166
Previous Weekly High 0.9273
Previous Weekly Low 0.9158
Previous Monthly High 0.9374
Previous Monthly Low 0.9088
Daily Fibonacci 38.2% 0.9186
Daily Fibonacci 61.8% 0.9198
Daily Pivot Point S1 0.9158
Daily Pivot Point S2 0.9136
Daily Pivot Point S3 0.9106
Daily Pivot Point R1 0.921
Daily Pivot Point R2 0.924
Daily Pivot Point R3 0.9262

 

 

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