USD/CHF Price Analysis: Looks to 0.9300 on confirming nearby falling wedge

USD/CHF picks up bids to refresh intraday high, snaps two-day downtrend.
MACD backs confirmation of bullish chart pattern, three-day-old horizontal hurdle in focus.
200-HMA joins 50% Fibonacci retracement level to challenge bears.

Anil Panchal FXStreet

USD/CHF holds onto the first daily gains in three near the intraday top surrounding 0.9270 during early Friday.

The Swiss currency (CHF) pair’s latest run-up could be linked to its ability to cross the two-day-old descending trend line, which in turn confirms a short-term bullish chart formation called a falling wedge.

With the bullish MACD signals joining falling wedge confirmation, USD/CHF traders are up for further advances towards a horizontal area comprising multiple levels marked since Tuesday, near 0.9300.

Following that, the monthly high near 0.9330 and September’s peak close to 0.9370 will be in focus.

Alternatively, pullback moves will aim for the resistance-turned-support line close to 0.9265 before directing the USD/CHF sellers towards 38.2% Fibonacci retracement of November 10-17 upside, surrounding 0.9245.

If at all the pair drops below 0.9245, a convergence of 200-HMA and 50% Fibo. near 0.9215, will become a tough nut to crack for the bears.

USD/CHF: Hourly chart

Trend: Further upside expected

Additional important levels

Overview
Today last price	0.9269
Today Daily Change	0.0016
Today Daily Change %	0.17%
Today daily open	0.9253

Trends
Daily SMA20	0.9179
Daily SMA50	0.9225
Daily SMA100	0.9192
Daily SMA200	0.9167

Levels
Previous Daily High	0.9292
Previous Daily Low	0.9251
Previous Weekly High	0.9238
Previous Weekly Low	0.9102
Previous Monthly High	0.9338
Previous Monthly Low	0.9106
Daily Fibonacci 38.2%	0.9267
Daily Fibonacci 61.8%	0.9276
Daily Pivot Point S1	0.9239
Daily Pivot Point S2	0.9224
Daily Pivot Point S3	0.9198
Daily Pivot Point R1	0.928
Daily Pivot Point R2	0.9306
Daily Pivot Point R3	0.9321

Author

Anil Panchal

FXStreet

Anil Panchal has nearly 15 years of experience in tracking financial markets. With a keen interest in macroeconomics, Anil aptly tracks global news/updates and stays well-informed about the global financial moves and their implications.

EUR/USD flat lines near 1.1800 as traders brace for US PPI release

The EUR/USD pair trades on a flat note near 1.1800 during the early Asian session on Friday. The pair steadies as softer Eurozone inflation offsets US tariff uncertainties. Traders await the preliminary reading of the Consumer Price Index from Germany on Friday for more clues about the pace of future policy easing. On the US front, the Producer Price Index report will be released.

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 remains below $5,200 despite tariff jitters and geopolitical risks

Gold is seen consolidating in a range below the $5,200 mark during the Asian session on Friday amid mixed cues. Trade jitters, along with the risk of a potential US-Iran war, act as a tailwind for the safe-haven bullion. Meanwhile, the Fed's hawkish outlook keeps the US Dollar close to the monthly high and caps the non-yielding yellow metal. Nevertheless, the commodity remains on track to register gains for the fourth straight week, though the fundamental backdrop warrants some caution for bullish traders.

Top Crypto Gainers: Stable and Decred rally, Pippin approaches record highs

Altcoins, such as Stable, Decred, and Pippin, are extending gains so far this week, defying the risk-averse conditions in the broader cryptocurrency market. Stable and Pippin are near record high levels, while Decred extends its breakout rally above $30.

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.