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USD/CHF Price Analysis: Seesaws around 0.9250 in a choppy trading session

  • The USD/CHF is trapped within a 140 pip area, trendless and fluctuating around the 20-day EMA.
  • USD/CHF Price Analysis: The pair is neutral downwards, and it could test the YTD low during the session.

The USD/CHF remains subdued in Wednesday’s North American session, with markets awaiting the Federal Reserve’s (Fed) decision regarding its monetary policy. At the time of typing, the USD/CHF exchanges hands at around 0.9150s, almost flat.

USD/CHF Price Analysis: Technical outlook

The pair remains consolidated in the 0.9140 to 0.9280 area for the tenth consecutive day, though the USD/CHF fell and hit a new weekly lof of 0.9136 before recovering some ground, resting at around the 0.9150 area. Nevertheless, the USD/CHF bears remain in charge, as the daily EMAs sits above the spot price, while oscillators like the Relative Strength Index (RSI) and the Rate of Change (RoC) suggest the neutral-downward bias remains intact.

The USD/CHF support areas would be the day’s low at 0.9136, followed by the 0.9100 figure. Once broken it will exacerbate a USD/CHF fall to the YTD low of 0.9085, followed by the 0.9000 psychological figure.

On the other hand, if the USD/CHF reclaims 0.9200, then the 20-day EMA would be up for grabs at 0.9220. Once done, the USD/CHF could aim towards the January 31 daily high at 0.9288, on its way to the 0.9300 psychological barrier.

USD/CHF Key Technical Levels

USD/CHF

Overview
Today last price0.9158
Today Daily Change0.0004
Today Daily Change %0.04
Today daily open0.9154
 
Trends
Daily SMA200.9235
Daily SMA500.9304
Daily SMA1000.9562
Daily SMA2000.9628
 
Levels
Previous Daily High0.9288
Previous Daily Low0.915
Previous Weekly High0.928
Previous Weekly Low0.9158
Previous Monthly High0.941
Previous Monthly Low0.9085
Daily Fibonacci 38.2%0.9203
Daily Fibonacci 61.8%0.9236
Daily Pivot Point S10.9107
Daily Pivot Point S20.906
Daily Pivot Point S30.8969
Daily Pivot Point R10.9245
Daily Pivot Point R20.9336
Daily Pivot Point R30.9383

Author

Christian Borjon Valencia

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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