- 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
|Today last price||0.9202|
|Today Daily Change||0.0022|
|Today Daily Change %||0.24%|
|Today daily open||0.918|
|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|
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. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.