USD/CHF Price Analysis: Dollar trading in fresh March’s highs, challenging 0.9750 level

USD/CHF is reversing up sharply from the 2020 lows.
The level to beat for bulls is the 0.9750 resistance.

Flavio Tosti Independent Analyst

USD/CHF daily chart

USD/CHF is rebounding sharply from 2020 lows while nearing the 100 SMA on the daily chart. The demand for the greenback is dring the currency pair towards the 2020 highs.

USD/CHF four-hour chart

The spot spiked to the upside while reaching new March’s highs while trading above the main SMAs. Bulls would need to break above the 0.9750 resistance and if the market is able to pierce through it, USD/CHF might be headed towards the 0.9850 and 0.9950 levels over time. On the way down the market might find support near the 0.9650, 0.9600 and 0.9550 levels.

Additional key levels

USD/CHF

Overview
Today last price	0.9722
Today Daily Change	0.0110
Today Daily Change %	1.14
Today daily open	0.9612

Trends
Daily SMA20	0.9588
Daily SMA50	0.9668
Daily SMA100	0.9763
Daily SMA200	0.9819

Levels
Previous Daily High	0.9649
Previous Daily Low	0.9448
Previous Weekly High	1.189
Previous Weekly Low	0.9183
Previous Monthly High	0.9851
Previous Monthly Low	0.9609
Daily Fibonacci 38.2%	0.9572
Daily Fibonacci 61.8%	0.9525
Daily Pivot Point S1	0.949
Daily Pivot Point S2	0.9369
Daily Pivot Point S3	0.9289
Daily Pivot Point R1	0.9691
Daily Pivot Point R2	0.9771
Daily Pivot Point R3	0.9892

Author

Flavio Tosti

Independent Analyst

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