• USD/CHF eases from two-week high, wavers near 200-SMA and descending trend line from November 26.
  • Bullish MACD signals, weekly support line keep buyers hopeful.

USD/CHF consolidates recent gains around 0.9210, down 0.08% intraday while easing from a fortnight top marked the previous day. Even so, the Swiss currency (CHF) pair stays on the way to the first weekly run-up in three by early Friday in Asia.

That said, the latest pullback can aim for the 100-SMA level of 0.9187 before challenging the weekly support line, near 0.9160 by the press time.

It should be noted, however, that a clear downside beak of the 0.9160 will drag the quote towards the last monthly low surrounding 0.9100.

Following that, November’s low near 0.9080 may test the USD/CHF bears before directing them to August 2021 low close to 0.9020.

Given the bullish MACD and the quote’s weekly advances, a clear upside break of 0.9215 is more likely, which in turn could propel the quote towards the December 2021 peak of 0.9296.

After that, a successful rise past 0.9300 becomes necessary for the USD/CHF prices to aim for November’s peak of 0.9373.

USD/CHF: Four-hour chart

Trend: Further upside expected

Additional important levels

Overview
Today last price 0.9212
Today Daily Change -0.0006
Today Daily Change % -0.07%
Today daily open 0.9218
 
Trends
Daily SMA20 0.9194
Daily SMA50 0.9208
Daily SMA100 0.9213
Daily SMA200 0.9169
 
Levels
Previous Daily High 0.9224
Previous Daily Low 0.9165
Previous Weekly High 0.9202
Previous Weekly Low 0.9102
Previous Monthly High 0.9295
Previous Monthly Low 0.9102
Daily Fibonacci 38.2% 0.9201
Daily Fibonacci 61.8% 0.9188
Daily Pivot Point S1 0.918
Daily Pivot Point S2 0.9143
Daily Pivot Point S3 0.9121
Daily Pivot Point R1 0.924
Daily Pivot Point R2 0.9261
Daily Pivot Point R3 0.9299

 

 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Feed news Join Telegram

Recommended content


Recommended content

Editors’ Picks

When is Australia Retail Sales and how could the data affect AUD/USD?

When is Australia Retail Sales and how could the data affect AUD/USD?

AUD/USD remains sidelined around 0.7100, marking the third lackluster day ahead of the key Aussie data. The pair’s latest moves fail to cheer a softer US dollar amid market anxiety, as well as fears of global recession due to China’s covid-led lockdowns and the Russia-Ukraine crisis.

AUD/USD News

EUR/USD approaches 1.0750 key hurdle ahead of US PCE Inflation

EUR/USD approaches 1.0750 key hurdle ahead of US PCE Inflation

EUR/USD grinds higher around the weekly top, as well as monthly high, recently steady around 1.0735 as bulls await fresh clues during a lackluster Asian session on Friday. Shrinking Fed vs. ECB divergence appears the key catalyst to recall bulls, highlighting US PCE Price Index for April.

EUR/USD News

Gold bounces from $1,850, DXY remains soft on soaring market mood

Gold bounces from $1,850, DXY remains soft on soaring market mood

Gold price (XAU/USD) witnessed a minor pullback towards $1,850.00 in its initial trading hours but has bounced back sharply. The precious metal is displaying a balance auction in a range of $1,840.76-1,856.35 from Wednesday.

Gold News

ApeCoin continues to fall as bears aim for $5.00

ApeCoin continues to fall as bears aim for $5.00

ApeCoin exhibits full bearish control. A drop towards the $5.00 target is a high probability occurrence in the near future. ApeCoin price is still following the macro technicals forecasting a $2.00 target. Invalidation of the bearish thesis is a breach above $13.50.

Read more

FXStreet Premium users exceed expectations

FXStreet Premium users exceed expectations

Tap into our 20 years Forex trading experience and get ahead of the markets. Maximize our actionable content, be part of our community, and chat with our experts. Join FXStreet Premium today!

BECOME PREMIUM

Forex MAJORS

Cryptocurrencies

Signatures