USD/CHF Price Analysis: Remains below 0.9150, US NFP awaited

USD/CHF consolidates below 0.9150 ahead of the crucial US employment data.
MACD indicates a tepid momentum in the price movement.
The 14-day EMA emerges as immediate support, followed by the 0.9100 major level.

Akhtar Faruqui FXStreet

USD/CHF snaps a two-day losing streak, trading higher around 0.9140 lined up with the resistance level at 0.9150 psychological level during the early European session on Friday, following the region around the major level at 0.9200.

A firm break above the latter could open the doors for the USD/CHF pair to explore the area near the weekly high at 0.9244 lined up with the 0.9250 major level.

The pair receives upward support following the rebound in the US Dollar (USD), which could be attributed to the improved US Treasury yields.

On the downside, the 14-day Exponential Moving Average (EMA) at 0.9113 emerges as the immediate support, followed by the 0.9100 psychological level. A break below the level could direct the bears of the pair to reach the 23.6% Fibonacci retracement at 0.9081 level.

The Moving Average Convergence Divergence (MACD) indicator is indicating subdued momentum in the price movement. Currently, the MACD line is situated above the centerline but below the signal line. This configuration suggests a lackluster trend in the market at the moment.

However, the prevailing upward momentum in the USD/CHF pair indicates a bullish bias, as the 14-day Relative Strength Index (RSI) remains above the 50 level.

USD/CHF: Daily Chart

USD/CHF: additional important levels

Overview
Today last price	0.9142
Today Daily Change	0.0018
Today Daily Change %	0.20
Today daily open	0.9124

Trends
Daily SMA20	0.9057
Daily SMA50	0.8901
Daily SMA100	0.8905
Daily SMA200	0.9029

Levels
Previous Daily High	0.9182
Previous Daily Low	0.9121
Previous Weekly High	0.9225
Previous Weekly Low	0.9061
Previous Monthly High	0.9225
Previous Monthly Low	0.8795
Daily Fibonacci 38.2%	0.9145
Daily Fibonacci 61.8%	0.9159
Daily Pivot Point S1	0.9103
Daily Pivot Point S2	0.9081
Daily Pivot Point S3	0.9042
Daily Pivot Point R1	0.9164
Daily Pivot Point R2	0.9203
Daily Pivot Point R3	0.9225

Author

Akhtar Faruqui

FXStreet

Akhtar Faruqui is a Forex Analyst based in New Delhi, India. With a keen eye for market trends and a passion for dissecting complex financial dynamics, he is dedicated to delivering accurate and insightful Forex news and analysis.

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