USD/CHF Price Analysis: Greenback approaching January highs vs. Swiss franc

  • USD/CHF created a strong bullish recovery while nearing the 2020 highs. 
  • The level to beat for bulls is the 0.9770 resistance.  

USD/CHF daily chart

USD/CHF is attempting to form a base near multi-month lows while trading below the main daily simple moving averages.

USD/CHF four-hour chart

The market is nearing the January highs while trading above the main SMAs. Bulls want a break above the 0.9770 resistance on a daily closing basis in order to send the market up towards the 0.9800 figure and 0.9828 price level. Support is seen near the 0.9727, 0.9710 and 0.9676 levels, according to the Technical Confluences Indicator.
Resistance: 0.9770, 0.9800, 0.9828
Support: 0.9727, 0.9710, 0.9676

Additional key levels


Today last price 0.9756
Today Daily Change 0.0020
Today Daily Change % 0.21
Today daily open 0.9736
Daily SMA20 0.9692
Daily SMA50 0.9763
Daily SMA100 0.9845
Daily SMA200 0.9878
Previous Daily High 0.9748
Previous Daily Low 0.9678
Previous Weekly High 0.9768
Previous Weekly Low 0.9629
Previous Monthly High 0.9768
Previous Monthly Low 0.9613
Daily Fibonacci 38.2% 0.9721
Daily Fibonacci 61.8% 0.9705
Daily Pivot Point S1 0.9693
Daily Pivot Point S2 0.9651
Daily Pivot Point S3 0.9623
Daily Pivot Point R1 0.9763
Daily Pivot Point R2 0.9791
Daily Pivot Point R3 0.9833



Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Feed news

Latest Forex News

Latest Forex News

Editors’ Picks

EUR/USD treads water around 1.1600 after US data

EUR/USD continues to fluctuate in its daily range around 1.1600 as the latest data releases from the US failed to trigger a meaningful market reaction. New Home Sales in the US surged by 14% in September and consumer sentiment improved in October.


GBP/USD spikes to three-day tops above 1.3800

GBP/USD surged past the 1.3800 mark during the first half of the European session and shot to three-day tops on the back of upbeat UK data. Investors now await macroeconomic data releases from the US and the next phase of Brexit negotiations.  


XAU/USD slides further below $1,800 mark, downside seems limited

The risk-on mood prompted fresh selling around the safe-haven gold on Tuesday. Hawkish Fed expectations further exerted pressure on the non-yielding XAU/USD. Fresh COVID-19 jitters, worries about global economic growth helped limit losses.

Gold News

Three reasons why MATIC price will breakout to a new all-time high at $4.5

MATIC price is breaking out of an ascending triangle pattern, hinting at a 150% ascent. Transactional data shows barely any resistance level ahead for Polygon, suggesting a swift move higher. The Layer 2 solution has been at the center of DeFi evolution.

Read more

AMC entertainment gains as meme stock rally continues from previous week

NYSE:AMC gained 0.63% during Monday’s trading session. Meme stocks rally on Monday as momentum carries over from the previous week. AMC CEO Adam Aron hints that the company could be getting into the cryptocurrency business.

Read more