USD/CHF Price Analysis: Seesaws around 0.9220s as bulls/bears indecision forms a doji
- USD/CHF rises but clashes with the 20-day EMA and retreats some of its gains.
- The USD/CHF failure to crack 0.9300 exacerbated a pullback towards 0.9220s.

The USD/CHF climbs slightly after hitting a daily low of 0.9192 and reclaims the 0.9200 figure in the mid-North American session. Nevertheless, the USD/CHF surrendered some of its earlier gains once it failed to stay above the 20-day Exponential Moving Average (EMA). At the time of writing, the USD/CHF is trading at 0.9228.
USD/CHF Price Analisis: Technical outlook
The daily chart shows that the USD/CHF remains neutral to downward biased. It was further cemented by the USD/CHF pair, which after reaching a daily high of 0.9297, it was unable to stay above the 20-day EMA at 0.9248. The USD/CHF retreated further but persisted in positive territory.
If the USD/CHF registers a daily close around Tuesday’s open, that will form a doji, which could exacerbate a resumption of the downtrend, posing a threat to the YTD low of 0.9091. Nevertheless, on its way south, the USD/CHF would find some hurdles, like the 0.9150 February 21 daily low, followed by the 0.9100 mark, and then the YTD low.
As an alternate scenario, the USD/CHF first resistance would be the 20-day EMA at 0.9248, followed by 0.9300. A breach of the latter will expose the 50-day EMA at 0.9356, followed by 0.9400.
USD/CHF Key Technical Levels
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.


















