USD/CHF Price Analysis: Bulls turn cautious, awaits clear break of 0.9155


  • 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

Trend: Bearish

Additional important levels

Overview
Today last price 0.9151
Today Daily Change 7 pips
Today Daily Change % 0.08%
Today daily open 0.9144
 
Trends
Daily SMA20 0.918
Daily SMA50 0.9134
Daily SMA100 0.9269
Daily SMA200 0.9477
 
Levels
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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