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.

Flavio Tosti Independent Analyst

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

USD/CHF

Overview
Today last price	0.9756
Today Daily Change	0.0020
Today Daily Change %	0.21
Today daily open	0.9736

Trends
Daily SMA20	0.9692
Daily SMA50	0.9763
Daily SMA100	0.9845
Daily SMA200	0.9878

Levels
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

Author

Flavio Tosti

Independent Analyst

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