USD/CHF Price Analysis: Dollar trading in five-day lows vs. Swiss franc, sub-0.9800 figure

USD/CHF erases weekly gains and is on track to end the week below the 0.9800 figure.
Sellers are pressuring the 0.9770 support level.

Flavio Tosti Independent Analyst

USD/CHF daily chart

After hitting new 2020 highs every day of the week, USD/CHF is erasing the gains and trading near five-day lows. The spot is trading below the 100/200-day simple moving averages suggesting an overall bearish momentum in the long term.

USD/CHF four-hour chart

Dollar/Swiss broke below the 0.9830 support and the 50 SMA as broad-based USD weakness erased the weekly gains. After the sharp move down, bears are likely looking for an extension targetting the 0.9730 and 0.9710 price levels. The 0.9800 figure and 0.9830 resistance are likely to act as resistance on any pullback up.

Resistance: 0.9800, 0.9830, 0.9850

Support: 0.9770, 0.9730, 0.9710

Additional key levels

USD/CHF

Overview
Today last price	0.9788
Today Daily Change	-0.0051
Today Daily Change %	-0.52
Today daily open	0.9839

Trends
Daily SMA20	0.9752
Daily SMA50	0.9741
Daily SMA100	0.983
Daily SMA200	0.9859

Levels
Previous Daily High	0.9851
Previous Daily Low	0.9815
Previous Weekly High	0.9823
Previous Weekly Low	0.974
Previous Monthly High	0.9768
Previous Monthly Low	0.9613
Daily Fibonacci 38.2%	0.9837
Daily Fibonacci 61.8%	0.9829
Daily Pivot Point S1	0.9819
Daily Pivot Point S2	0.9799
Daily Pivot Point S3	0.9783
Daily Pivot Point R1	0.9855
Daily Pivot Point R2	0.9871
Daily Pivot Point R3	0.9891

Author

Flavio Tosti

Independent Analyst

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