USD/CHF Price Analysis: Price consolidates in a downward channel near 0.9070

  • USD/CHF pauses the previous two day’s decline on Friday.
  • Bulls take support near the lower trend line of the descending channel.
  • Momentum oscillator tilts in favor of the bearish momentum.

USD/CHF edges higher on Friday in the European trading hour. The pair hovers in a very close trading range with positive bias.

At the time of writing, USD/CHF is trading at 0.9070, up 0.09 % for the day.

USD/CHF daily chart

On the daily chart, the USD/CHF pair has been trading in a broader trading channel of 0.9100 and 0.9270.

If price breaks the session’s high, it could test the upside target at the 0.9100 and the 0.9150 horizontal resistance level.

A daily close above the 20-day Simple Moving Average (SMA) at 0.9160 would bring 0.9200 back in the picture.

The Moving Average Convergence Divergence (MACD) trades below the midline with a bearish crossover. The reading suggests that there is room for further downside to the horizontal 0.9050 support level.

A break of 0.9050 could test the low of June 16 at 0.8977 followed by the 0.8940 horizontal support level.

USD/CHF additional levels


Today last price 0.9071
Today Daily Change 0.0009
Today Daily Change % 0.10
Today daily open 0.9062
Daily SMA20 0.9175
Daily SMA50 0.9108
Daily SMA100 0.9155
Daily SMA200 0.9074
Previous Daily High 0.9101
Previous Daily Low 0.9054
Previous Weekly High 0.9233
Previous Weekly Low 0.9155
Previous Monthly High 0.9262
Previous Monthly Low 0.8926
Daily Fibonacci 38.2% 0.9072
Daily Fibonacci 61.8% 0.9083
Daily Pivot Point S1 0.9044
Daily Pivot Point S2 0.9026
Daily Pivot Point S3 0.8997
Daily Pivot Point R1 0.909
Daily Pivot Point R2 0.9119
Daily Pivot Point R3 0.9137



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