USD/CHF Price Analysis: Soars, extends its rally to 10 days, as bull's eye 0.9100


  • USD/CHF is on a bullish trajectory, ending the week with over 1% gains,
  • Pair is eyeing the 0.9100 mark, with a breach potentially exposing the May 31 cycle high at 0.9147, following a rally to the March 16 daily high at 0.9340.
  • Key support levels for sellers include the 200-DMA and the 0.9000 mark; breaching these could lead to a test of the September 20 daily low at 0.8931.

USD/CHF is set to end the week with decent gains of more than 1%, while breaking above the 200-day moving average (DMA), which could open the door for further upside, with buyers eyeing a new cycle high. Therefore, the pair is trading at 0.9071, edges up 0.30% late in the New York session.

The daily chart portrays the pair extending its gain past the 0.9032 (200-DMA), and puts a challenge of the 0.9100 figure into play. A breach of the latter will expose the May 31 cycle high at 0.9147, which, if cleared, the USD/CHF could rally back to the March 16 daily high at 0.9340.

Conversely, sellers would face the 200-DMA and the 0.9000 mark. Those two levels hurdled, and the USD/CHF would dive and test the September 20 daily low of 0.8931 before testing the 0.8900 figure.

USD/CHF Price Action – Daily chart

USD/CHF Key Technical levels

USD/CHF

Overview
Today last price 0.907
Today Daily Change 0.0025
Today Daily Change % 0.28
Today daily open 0.9045
 
Trends
Daily SMA20 0.8906
Daily SMA50 0.8797
Daily SMA100 0.8884
Daily SMA200 0.9036
 
Levels
Previous Daily High 0.9078
Previous Daily Low 0.8983
Previous Weekly High 0.8978
Previous Weekly Low 0.8897
Previous Monthly High 0.8876
Previous Monthly Low 0.869
Daily Fibonacci 38.2% 0.9042
Daily Fibonacci 61.8% 0.9019
Daily Pivot Point S1 0.8992
Daily Pivot Point S2 0.894
Daily Pivot Point S3 0.8897
Daily Pivot Point R1 0.9088
Daily Pivot Point R2 0.9131
Daily Pivot Point R3 0.9184

 

 

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