USD/CHF Price Analysis: Eases from 100-HMA to remain below 0.9100


  • USD/CHF seesaws around the intraday low of 0.9076, down for the sixth consecutive day.
  • Normal RSI conditions favor the pullback towards the weekly low.
  • The 0.9100 threshold adds to the upside barriers.

USD/CHF drops to 0.9078, down 0.05% on a day, ahead of Wednesday’s European session. The Swiss major recently took a U-turn from 100-HMA amid normal RSI conditions.

As a result, traders can expect further weakness in the USD/CHF prices towards the weekly bottom of 0.9060.

However, 0.9050 and the monthly low near 0.9000 will challenge the bears afterward.

Meanwhile, an upside clearance of a 100-HMA level of 0.9085 needs validation from 0.9100 to aim for the 61.8% Fibonacci retracement of September 08-10 downside, around 9145.

During the USD/CHF pair’s further upside beyond 0.9145, the September 08 low of 0.9156 can question the bulls targeting the monthly top of 0.9200.

USD/CHF hourly chart

Trend: Bearish

Additional important levels

Overview
Today last price 0.9078
Today Daily Change -3 pips
Today Daily Change % -0.03%
Today daily open 0.9081
 
Trends
Daily SMA20 0.9102
Daily SMA50 0.9178
Daily SMA100 0.9385
Daily SMA200 0.9543
 
Levels
Previous Daily High 0.9089
Previous Daily Low 0.9052
Previous Weekly High 0.92
Previous Weekly Low 0.9049
Previous Monthly High 0.9242
Previous Monthly Low 0.8999
Daily Fibonacci 38.2% 0.9066
Daily Fibonacci 61.8% 0.9075
Daily Pivot Point S1 0.9059
Daily Pivot Point S2 0.9036
Daily Pivot Point S3 0.9021
Daily Pivot Point R1 0.9096
Daily Pivot Point R2 0.9112
Daily Pivot Point R3 0.9134

 

 

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