|

USD/CHF Price Analysis: Greenback finds support near the 0.9600 figure

  • USD/CHF is finding some decent support near the 0.9600 figure. 
  • USD/CHF is challenging the May’s lows. 
 

USD/CHF four-hour chart

 
After challenging the May’s lows near the 0.9600 figure, USD/CHF is bouncing from the support level. A successful bullish recovery would send the quote near the 0.9650 and 0.9700 levels on the way up. On the other hand, support can be seen near the 0.9600 and 0.9580 levels.  
   

Additional key levels 

USD/CHF

Overview
Today last price0.9612
Today Daily Change-0.0003
Today Daily Change %-0.03
Today daily open0.9615
 
Trends
Daily SMA200.9698
Daily SMA500.9696
Daily SMA1000.9684
Daily SMA2000.9782
 
Levels
Previous Daily High0.965
Previous Daily Low0.9602
Previous Weekly High0.9736
Previous Weekly Low0.9602
Previous Monthly High0.9784
Previous Monthly Low0.9589
Daily Fibonacci 38.2%0.962
Daily Fibonacci 61.8%0.9632
Daily Pivot Point S10.9594
Daily Pivot Point S20.9574
Daily Pivot Point S30.9545
Daily Pivot Point R10.9643
Daily Pivot Point R20.9671
Daily Pivot Point R30.9692

Author

Flavio Tosti

Flavio Tosti

Independent Analyst

 

More from Flavio Tosti
Share:

Editor's Picks

EUR/USD flirts with weekly lows near 1.1770

EUR/USD now comes under further selling pressure, breaking below the 1.1800 support to challenge the area of weekly throughs near 1.1770 on Thursday. The pair’s decline comes in response to marked gains in the US Dollar amid steady geopolitical tensions. Ealier in the day, the ECB’s Lagarde delivered cautious remarks, although the currency remained apathetic.

GBP/USD threatens the 200-day SMA near 1.3440

GBP/USD rapidly leaves behind Wednesday’s strong advance, coming under heavy pressure and retesting the 1.3440 zone, where the critical 200-day SMA is located. Cable’s deep pullback follows the strong gains in the Greenback, while investors continue to pencil in a potential BoE rate cut in March.

Gold trims gains, slips back to around $5,170

Gold is now facing some downside pressure, hovering around the $5,170 region on Thursday. The yellow metal surrenders part of its earlier gains on the back of the resurgence of the buying interest in the Greenback. In the meantime, geopolitical tensions in the Middle East continue to limit the downside potential for now.

Stellar: Relief bounce fades as bearish undertone persists

Stellar is trading around $0.16 at the time of writing on Thursday after rebounding more than 8% in the previous day. Derivatives data paints a negative picture as XLM’s short bets hit a monthly high while Open Interest continues to decline.

Changing the game: International implications of recent tariff developments

The Supreme Court ruling on International Emergency Economic Powers Act (IEEPA) tariffs provides limited relief for the rest of the world, with weighted average tariff rates modestly lower.

Bitcoin steadies as traders eye US–Iran talks

Bitcoin (BTC) price is stabilizing around $68,000 at the time of writing on Thursday after a 6.2% relief rally the previous day amid a broader downward trend.