- USD/CHF wavers around intraday low following failures to recover beyond 0.9131.
- Normal RSI conditions suggest further weakness, two-month-old falling trend line adds to the upside filters.
USD/CHF drops to 0.9120, down 0.08% intraday, during the pre-European session trading on Tuesday. The pair rose to the highest in one week the previous day, before taking a U-turn from 0.9148.
With the normal RSI conditions backing the losses from 50-day SMA, sellers are likely targeting the 0.9100 threshold during further downside.
In a case where the USD/CHF bears dominate past-0.9100, the lows marked in October and the current month’s bottom, respectively around 0.9030 and 0.8980 can return to the charts.
Meanwhile, an upside break beyond the 50-day SMA level of 0.9137 doesn’t guarantee the quote’s run-up as a multi-day-old falling resistance line, currently around 0.9150, challenges the USD/CHF buyers.
Also acting as an additional hurdle to the north is another trend line resistance, from November 02, that presently stay near 0.9172.
USD/CHF daily chart
Trend: Further weakness expected
Additional important levels
|Today last price||0.912|
|Today Daily Change||-8 pips|
|Today Daily Change %||-0.09%|
|Today daily open||0.9128|
|Previous Daily High||0.9148|
|Previous Daily Low||0.9076|
|Previous Weekly High||0.9152|
|Previous Weekly Low||0.9088|
|Previous Monthly High||0.9219|
|Previous Monthly Low||0.9031|
|Daily Fibonacci 38.2%||0.9121|
|Daily Fibonacci 61.8%||0.9104|
|Daily Pivot Point S1||0.9087|
|Daily Pivot Point S2||0.9046|
|Daily Pivot Point S3||0.9015|
|Daily Pivot Point R1||0.9158|
|Daily Pivot Point R2||0.9189|
|Daily Pivot Point R3||0.923|
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