- USD/CHF marks another attempt to cross 200-bar SMA amid receding strength of bullish MACD.
- Three-day-old support line can restrict immediate declines, bulls can aim for monthly top beyond 0.9155.
USD/CHF wavers near an intraday high of 0.9152, currently up 0.08% at 0.9150, during the pre-European session on Friday. Alike other major currency pairs, USD/CHF also benefited from the broad US dollar strength the previous day. Though, the quote is yet to clear short-term key resistances. Also favoring the sellers could be easing bars of the MACD histogram.
As a result, the bears are waiting for a clear break below an ascending trend line from Tuesday, near 0.9140 for fresh entries.
Following that, 0.9125, the 0.9100 round-figure and the monthly low near 0.9085 will be in the spotlight.
On the upside, 200-bar SMA and a falling trend line from September 30, respectively near 0.9150 and 0.9155, can challenge short-term buyers.
However, a sustained rise past-0.9155 will trigger a USD/CHF rally towards the monthly top around 0.9220 with the 0.9200 threshold likely acting as an intermediate halt.
USD/CHF four-hour chart
Additional important levels
|Today last price||0.9151|
|Today Daily Change||7 pips|
|Today Daily Change %||0.08%|
|Today daily open||0.9144|
|Previous Daily High||0.9155|
|Previous Daily Low||0.9127|
|Previous Weekly High||0.9203|
|Previous Weekly Low||0.9093|
|Previous Monthly High||0.9296|
|Previous Monthly Low||0.8999|
|Daily Fibonacci 38.2%||0.9144|
|Daily Fibonacci 61.8%||0.9138|
|Daily Pivot Point S1||0.9129|
|Daily Pivot Point S2||0.9114|
|Daily Pivot Point S3||0.9101|
|Daily Pivot Point R1||0.9157|
|Daily Pivot Point R2||0.917|
|Daily Pivot Point R3||0.9186|
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