USD/CHF Price Analysis: Holds to its gains, as US yields dropped, buyers' eye 0.9200

USD/CHF registers minor gains, benefiting from a robust US Dollar despite falling Treasury bond yields.
Buyers are targeting the 100-day EMA at 0.9123, aiming to reach the 200-day EMA at 0.9250.
The bearish extension is possible, with support found at the confluence of the 50 and 20-day EMAs.

Christian Borjon Valencia FXStreet

USD/CHF is set to finish Tuesday’s session with minuscule gains, boosted by a strong US Dollar (USD), which held to its gains, as US Treasury bond yields fell late as Wall Street closes. At the time of writing, the USD/CHF exchanges hands at 0.9073, a gain of 0.16%.

USD/CHF Price Analysis: Technical outlook

From a technical perspective, the USD/CHF trades sideways, trapped within the short/long-term daily Exponential Moving Averages (EMAs). The Relative Strength Index (RSI) indicator, as well as the 3-day Rate of Change (RoC), portrays buyers are in charge, but they would need to clear the 100-day EMA at 0.9123, so they can rally towards the 0.9200 handle, as they target the 200-day EMA at 0.9250.

Otherwise, the USD/CHF could extend its losses past the confluence of the 50 and 20-day EMAs, each at 0.9039 and 0.9034, respectively, followed by the 0.9000 figure. If USD/CHF stumbles past the figure, the next support would be the May 22 daily low of 0.8940, followed by the YTD low of 0.8820.

USD/CHF Price Action – Daily chart

USD/CHF

Overview
Today last price	0.9076
Today Daily Change	0.0014
Today Daily Change %	0.15
Today daily open	0.9062

Trends
Daily SMA20	0.9012
Daily SMA50	0.8999
Daily SMA100	0.9125
Daily SMA200	0.9373

Levels
Previous Daily High	0.912
Previous Daily Low	0.9052
Previous Weekly High	0.9148
Previous Weekly Low	0.9014
Previous Monthly High	0.9148
Previous Monthly Low	0.882
Daily Fibonacci 38.2%	0.9078
Daily Fibonacci 61.8%	0.9094
Daily Pivot Point S1	0.9037
Daily Pivot Point S2	0.9011
Daily Pivot Point S3	0.897
Daily Pivot Point R1	0.9104
Daily Pivot Point R2	0.9145
Daily Pivot Point R3	0.9171

Author

Christian Borjon Valencia

FXStreet

Markets analyst, news editor, and trading instructor with over 14 years of experience across FX, commodities, US equity indices, and global macro markets.

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