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

Flavio Tosti Independent Analyst

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 price	0.9725
Today Daily Change	-0.0041
Today Daily Change %	-0.42
Today daily open	0.9766

Trends
Daily SMA20	0.9764
Daily SMA50	0.9738
Daily SMA100	0.9823
Daily SMA200	0.9853

Levels
Previous Daily High	0.9779
Previous Daily Low	0.9728
Previous Weekly High	0.9851
Previous Weekly Low	0.977
Previous Monthly High	0.9768
Previous Monthly Low	0.9613
Daily Fibonacci 38.2%	0.976
Daily Fibonacci 61.8%	0.9748
Daily Pivot Point S1	0.9736
Daily Pivot Point S2	0.9707
Daily Pivot Point S3	0.9686
Daily Pivot Point R1	0.9787
Daily Pivot Point R2	0.9808
Daily Pivot Point R3	0.9837

Author

Flavio Tosti

Independent Analyst

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