USD/CHF Price Analysis: Greenback remains weak post-FOMC minutes vs. Swiss franc

USD/CHF is trading down while testing the 0.9650 support level.
The FOMC minutes didn’t bring extra volatility to the currency pair.

Flavio Tosti Independent Analyst

USD/CHF daily chart

USD/CHF is trading just above the 0.9700 figure and below the main SMAs on the daily chart. The FOMC minutes didn’t trigger any spectacular move on the currency pair.

USD/CHF four-hour chart

USD/CHF is trading down while below the main SMAs. The spot is challenging the 0.9650 support while bears are eying the May’s lows near the 0.9600 figure en route towards the 0.9560 level. On the other hand, retracements up can find resistance near the 0.9700 and 0.9750 levels in the medium-term.

Additional key levels

USD/CHF

Overview
Today last price	0.9647
Today Daily Change	-0.0067
Today Daily Change %	-0.69
Today daily open	0.9714

Trends
Daily SMA20	0.9715
Daily SMA50	0.9685
Daily SMA100	0.9688
Daily SMA200	0.9787

Levels
Previous Daily High	0.9729
Previous Daily Low	0.9699
Previous Weekly High	0.9755
Previous Weekly Low	0.9665
Previous Monthly High	0.9803
Previous Monthly Low	0.9595
Daily Fibonacci 38.2%	0.9718
Daily Fibonacci 61.8%	0.971
Daily Pivot Point S1	0.9699
Daily Pivot Point S2	0.9683
Daily Pivot Point S3	0.9668
Daily Pivot Point R1	0.9729
Daily Pivot Point R2	0.9745
Daily Pivot Point R3	0.976

Author

Flavio Tosti

Independent Analyst

EUR/USD looks weak below 1.1800

EUR/USD has slipped back under pressure, breaking through the 1.1800 support and drifting towards the weekly lows near 1.1770 ahead of the opening bell in Asia. The move reflects renewed strength in the US Dollar, with steady geopolitical tensions keeping its demand firm. Moving forward, the release of the German labour market report and flash inflation figures should keep European investors entertained on Friday.

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.