• The USD/CHF slides some 0.06% in the New York session.
  • The USD/CHF has a neutral bias, as the DMAs remain horizontal, around the 0.9170-0.9220 area.

The USD/CHF extends its Tuesday’s losses, trading at 0.9157 at the time of writing. Risk-sensitive currencies remain bid, while safe-haven peers drop. In the CHF case, it gains against the greenback, following the Japanese yen footsteps, which gains some 0.14% vs. the buck.

The USD/CHF was subdued in the overnight session, trading within the 0.9140-68 band, failing to extend its Tuesday’s fall. On the bottom, the downward move was capped near the S1 daily pivot at 0.9135, while upwards, the daily pivot point at 0.9164 was the ceiling for the USD/CHF pair.

In the meantime, US Treasury yields recover from earlier losses, the 10-year benchmark note up one basis point, at 1.677%.

USD/CHF Price Forecast: Technical outlook

The USD/CHF has a neutral bias, depicted by the daily moving averages (DMAs) with a horizontal slope residing around the spot price. However, an upslope trendline drawn from December 2020 cycle lows to the June 2021 swing lows provided support, as the downward move pierced the aforementioned, rebounded strongly towards the 200-DMA around 0.9169.

To the upside, the first resistance would be the 200-DMA. A break above that level would open the door for a confluence of the 50 and the 100-DMA around 0.9205-15 area, that once broken would open the door towards the December 15 cycle high 0.9294 and then 0.9300.

On the other hand, a decisive break under the 0.9150 figure would open the door for 0.9100, followed by the November 2 swing low at 0.9085 and then the psychological 0.9000.

USD/CHF

Overview
Today last price 0.9156
Today Daily Change -0.0006
Today Daily Change % -0.07
Today daily open 0.9162
 
Trends
Daily SMA20 0.9196
Daily SMA50 0.9206
Daily SMA100 0.9213
Daily SMA200 0.9172
 
Levels
Previous Daily High 0.9197
Previous Daily Low 0.9137
Previous Weekly High 0.9202
Previous Weekly Low 0.9102
Previous Monthly High 0.9295
Previous Monthly Low 0.9102
Daily Fibonacci 38.2% 0.916
Daily Fibonacci 61.8% 0.9174
Daily Pivot Point S1 0.9134
Daily Pivot Point S2 0.9105
Daily Pivot Point S3 0.9074
Daily Pivot Point R1 0.9194
Daily Pivot Point R2 0.9225
Daily Pivot Point R3 0.9254

 

 

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