- USD/CHF remains sidelined around intraday high, defends two-week-old resistance break.
- Firmer Momentum line, sustained trading beyond 200-HMA favor buyers.
- Fortnight-long descending resistance line guards immediate upside moves.
USD/CHF grinds higher around 0.9155, up 0.09% intraday heading into Tuesday’s European session.
In doing so, the Swiss currency (CHF) pair holds onto the previous day’s upside break of a two-week-long resistance break, now support around 0.9150.
Also keeping USD/CHF buyers hopeful is the pair’s successful trading above the 200-HMA and firmer Momentum line.
Even so, a descending resistance line from January 12, around 0.9160, restricts the quote’s nearby advances.
Should USD/CHF buyers manage to cross the 0.9160 hurdle, an upside momentum towards Thursday’s peak near 0.9180 can’t be ruled out.
On the contrary, a downside break of 0.9150 will drag the quote back to the 200-HMA level of 0.9141 but any further declines won’t hesitate to recall the USD/CHF bears.
Following that, the 0.9100 threshold and the monthly low of 0.9092 will be in focus ahead of November 2021 trough surrounding 0.9088.
USD/CHF: Hourly chart
Trend: Further upside expected
Additional important levels
|Today last price||0.9153|
|Today Daily Change||0.0009|
|Today Daily Change %||0.10%|
|Today daily open||0.9144|
|Previous Daily High||0.9159|
|Previous Daily Low||0.9109|
|Previous Weekly High||0.9181|
|Previous Weekly Low||0.9108|
|Previous Monthly High||0.9295|
|Previous Monthly Low||0.9102|
|Daily Fibonacci 38.2%||0.914|
|Daily Fibonacci 61.8%||0.9128|
|Daily Pivot Point S1||0.9116|
|Daily Pivot Point S2||0.9088|
|Daily Pivot Point S3||0.9067|
|Daily Pivot Point R1||0.9166|
|Daily Pivot Point R2||0.9187|
|Daily Pivot Point R3||0.9215|
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