• USD/CHF consolidates the biggest daily losses in seven weeks.
  • Steady RSI, sustained break of the key support line, 61.8% Fibonacci retracement favor sellers.
  • Bears eye five-month-old horizontal support line, buyers have a long and bumpy road ahead.

USD/CHF pares the heaviest daily losses since late November around 0.9145 heading into Thursday’s European session.

The Swiss currency (CHF) pair remains near the lowest levels in over a week while keeping the previous day’s downside break of monthly support line, now resistance near 0.9230, as well as 61.8% Fibonacci retracement (Fibo.) of August-November upside, at 0.9155.

Given the steady RSI and a lack of decisive momentum signals from MACD, the USD/CHF prices are likely to remain pressured until crossing the 0.9155 immediate hurdle.

Even if the quote rise past 0.9155, 50% Fibo. level near the 0.9200 threshold, will challenge the pair buyers before directing them to the support-turned-resistance line surrounding 0.9230.

During the USD/CHF run-up beyond 0.9230, the monthly high of 0.9278 will be in focus.

Alternatively, a horizontal line since August 17, around 0.9100, stays on the USD/CHF bear’s radar.

Following that, August month’s low near 0.9020 and the 0.9000 psychological magnet will gain the seller’s attention.

USD/CHF: Daily chart

Trend: Further weakness expected

Additional important levels

Today last price 0.9145
Today Daily Change 0.0007
Today Daily Change % 0.08%
Today daily open 0.9138
Daily SMA20 0.9189
Daily SMA50 0.9215
Daily SMA100 0.9216
Daily SMA200 0.9167
Previous Daily High 0.9244
Previous Daily Low 0.913
Previous Weekly High 0.9232
Previous Weekly Low 0.9113
Previous Monthly High 0.9295
Previous Monthly Low 0.9102
Daily Fibonacci 38.2% 0.9174
Daily Fibonacci 61.8% 0.9201
Daily Pivot Point S1 0.9097
Daily Pivot Point S2 0.9056
Daily Pivot Point S3 0.8983
Daily Pivot Point R1 0.9212
Daily Pivot Point R2 0.9285
Daily Pivot Point R3 0.9326



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