USD/CHF Price Analysis: Pares recent losses, stays on bear’s radar unless crossing 0.9160

USD/CHF picks up bids to refresh intraday high, extend previous week’s rebound from 22-month low.
Bullish MACD signals allow USD/CHF to consolidate recent losses but March’s low guards immediate upside.
Multiple resistance lines, 100-SMA stand tall to challenge USD/CHF bulls.
Sellers need validation from 0.9035 to aim for fresh multi-month low.

Anil Panchal FXStreet

USD/CHF renews its intraday high near 0.9065 during early Easter Monday in Europe. In doing so, the Swiss Franc (CHF) pair extends the previous day’s recovery from a 22-month low while approaching a one-month-old support-turned-resistance surrounding 0.9075.

It’s worth noting that the bullish MACD signals join the corrective bounce off the multi-day low to lure USD/CHF buyers as they approach the previous support near 0.9075.

Even if the quote manages to stay firmer past 0.9075, downward-sloping resistance lines from March 26 and 15, respectively near 0.9095 and 0.9145, can check the USD/CHF buyers.

Even so, the Swiss currency pair buyers need to portray a successful upside break of the 100-bar Simple Moving Average (SMA), around 0.9160, to please the USD/CHF buyers.

Following that, 0.9225 and a late March swing high of around 0.9345 will be in focus.

On the flip side, multiple lows around 0.9035-30 can test the USD/CHF bears before recalling them to the driver’s seat. However, the 0.9000 psychological magnet may challenge the sellers afterward.

In a case where USD/CHF remains bearish past 0.9000, June 2021 low near 0.8925 may lure the sellers.

USD/CHF: Four-hour chart

Trend: Limited recovery expected

Additional important levels

Overview
Today last price	0.9063
Today Daily Change	0.0009
Today Daily Change %	0.10%
Today daily open	0.9054

Trends
Daily SMA20	0.9168
Daily SMA50	0.9236
Daily SMA100	0.9277
Daily SMA200	0.9507

Levels
Previous Daily High	0.9082
Previous Daily Low	0.9034
Previous Weekly High	0.9198
Previous Weekly Low	0.9007
Previous Monthly High	0.944
Previous Monthly Low	0.9072
Daily Fibonacci 38.2%	0.9064
Daily Fibonacci 61.8%	0.9052
Daily Pivot Point S1	0.9032
Daily Pivot Point S2	0.901
Daily Pivot Point S3	0.8985
Daily Pivot Point R1	0.9079
Daily Pivot Point R2	0.9104
Daily Pivot Point R3	0.9126

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.

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