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USD/CHF Price Analysis: Dollar bouncing after falling to three-week’s lows, trades above 0.9700 figure

  • USD/CHF is bouncing from daily lows while nearing the 0.9730 resistance.
  • As the bounce can be short-lived, the level to beat for sellers remains the 0.9680 level
 

USD/CHF daily chart

 
USD/CHF is trading below the main daily simple moving averages suggesting an overall bearish bias in the long term. The spot is just below the 50 SMA.
 

USD/CHF four-hour chart

 
As expected the spot reached the 0.9680 level from which it is now having a rebound. Bears remain in control as USD/CHF trades below the main SMAs. A break below the 0.9680 support can lead to further losses towards the 0.9630 level. Resistance is seen near 0.9730 and 0.9770 levels.
 
 
Resistance: 0.9730, 0.9770, 0.9800
Support: 0.9710, 0.9680, 0.9630
 

Additional key levels

USD/CHF

Overview
Today last price0.9725
Today Daily Change-0.0041
Today Daily Change %-0.42
Today daily open0.9766
 
Trends
Daily SMA200.9764
Daily SMA500.9738
Daily SMA1000.9823
Daily SMA2000.9853
 
Levels
Previous Daily High0.9779
Previous Daily Low0.9728
Previous Weekly High0.9851
Previous Weekly Low0.977
Previous Monthly High0.9768
Previous Monthly Low0.9613
Daily Fibonacci 38.2%0.976
Daily Fibonacci 61.8%0.9748
Daily Pivot Point S10.9736
Daily Pivot Point S20.9707
Daily Pivot Point S30.9686
Daily Pivot Point R10.9787
Daily Pivot Point R20.9808
Daily Pivot Point R30.9837

Author

Flavio Tosti

Flavio Tosti

Independent Analyst

 

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