USD/CHF Price Analysis: Rallies back above 0.9250 reclaim the 20-DMA as bull’s eye the 50-DMA

The US Dollar strengthens across the FX space, a tailwind for the USD/CHF.
USD/CHF Price Analysis: Shifted to neutral biased once buyers hurdle the 20-DMA.

Christian Borjon Valencia FXStreet

The USD/CHF is surging sharply during Friday’s North American session, as Wall Street is set to finish the last trading day of the week with losses. Therefore, the USD/CHF is trading at 0.9260, above its opening price by 1.42%.

USD/CHF Price Analysis: Technical outlook

On Friday, the USD/CHF rally broke two downslope resistance trendlines, which would pave the way for further losses. In addition, the 20-day Exponential Moving Average (EMA) at 0.9210 was reclaimed during the uptrend, exposing crucial resistance levels, which, once cleared it, could pave the way for further gains.

The USD/CHF first resistance will be the January 31 daily high at 0.9288. A breach of the latter and the 0.9307, the 50-day EMA is up for grabs., followed by January’s 12 high at 0.9360.

On the flip side, the USD/CHF first support would be the 20-day EMA at 0.9210. Bears reclaiming the latter would exacerbate a fall below 0.9200, followed by the February 3 daily low at 0.9112.

USD/CHF Key Technical Levels

USD/CHF

Overview
Today last price	0.9263
Today Daily Change	0.0128
Today Daily Change %	1.40
Today daily open	0.9135

Trends
Daily SMA20	0.9213
Daily SMA50	0.9292
Daily SMA100	0.9552
Daily SMA200	0.9622

Levels
Previous Daily High	0.914
Previous Daily Low	0.9059
Previous Weekly High	0.928
Previous Weekly Low	0.9158
Previous Monthly High	0.941
Previous Monthly Low	0.9085
Daily Fibonacci 38.2%	0.9109
Daily Fibonacci 61.8%	0.909
Daily Pivot Point S1	0.9083
Daily Pivot Point S2	0.9031
Daily Pivot Point S3	0.9003
Daily Pivot Point R1	0.9163
Daily Pivot Point R2	0.9191
Daily Pivot Point R3	0.9243

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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