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USD/CHF Price Analysis: Dollar easing further from monthly tops, approaching 0.9600 figure vs. CHF

  • USD/CHF is trading down for the fourth consecutive day.
  • The level to beat for bears is the 0.9600 support.
 
 

USD/CHF daily chart

 
 
USD/CHF is easing from the monthly highs as the spot drops below the main SMAs on the daily chart. The US dollar is down against most currencies this Thursday.
 

USD/CHF four-hour chart

 
The spot is pulling back down while nearing the 0.9600 figure below the 200 SMA on the four-hour chart. Bears could continue to extend the decline towards the 0.9550 and 0.9540 levels while the 0.9700 and 0.9800 figures could become resistance on bullish attempts. 
 
 

Additional key levels 

USD/CHF

Overview
Today last price0.9632
Today Daily Change-0.0139
Today Daily Change %-1.42
Today daily open0.9771
 
Trends
Daily SMA200.9592
Daily SMA500.9681
Daily SMA1000.9758
Daily SMA2000.9814
 
Levels
Previous Daily High0.9835
Previous Daily Low0.9755
Previous Weekly High0.9901
Previous Weekly Low0.9392
Previous Monthly High0.9851
Previous Monthly Low0.9609
Daily Fibonacci 38.2%0.9785
Daily Fibonacci 61.8%0.9804
Daily Pivot Point S10.9739
Daily Pivot Point S20.9707
Daily Pivot Point S30.9659
Daily Pivot Point R10.9819
Daily Pivot Point R20.9867
Daily Pivot Point R30.9898

Author

Flavio Tosti

Flavio Tosti

Independent Analyst

 

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