USD/CHF Price Analysis: Technical set-up remains tilted in favour of bullish traders

  • USD/CHF traded with a positive bias for the sixth consecutive session on Monday.
  • Bulls are likely to wait for a sustained move beyond the very important 200-DMA.

The USD/CHF pair built on last week's goodish positive move of around 300 pips and continued gaining traction for the sixth straight session on Monday.

The pair climbed to near two-week tops in the last hour, with bulls now looking to extend the momentum further beyond the 0.9800 round-figure mark.

The mentioned handle nears the very important 200-day SMA, around the 0.9810 region, which if cleared might be seen as a fresh trigger for bullish traders.

Meanwhile, technical indicators on the daily chart have just started moving into the positive territory and further reinforce prospects for an extension of the positive move.

Hence, some follow-through strength, towards challenging a near one-year-old descending trend-line resistance near the 0.9900 mark, now looks a distinct possibility.

On the flip side, any meaningful pullback might still be seen as an opportunity to initiate some fresh bullish positions and should remain limited near the 0.9715-10 region.

Failure to defend the mentioned support might prompt some aggressive technical selling and drag the pair further towards its next support near the 0.9625 region.

USD/CHF daily chart


Technical levels to watch


Today last price 0.9776
Today Daily Change 0.0008
Today Daily Change % 0.08
Today daily open 0.9768
Daily SMA20 0.962
Daily SMA50 0.9675
Daily SMA100 0.9739
Daily SMA200 0.981
Previous Daily High 0.9796
Previous Daily Low 0.973
Previous Weekly High 0.9796
Previous Weekly Low 0.9502
Previous Monthly High 0.9902
Previous Monthly Low 0.9183
Daily Fibonacci 38.2% 0.9771
Daily Fibonacci 61.8% 0.9755
Daily Pivot Point S1 0.9734
Daily Pivot Point S2 0.9699
Daily Pivot Point S3 0.9668
Daily Pivot Point R1 0.98
Daily Pivot Point R2 0.9831
Daily Pivot Point R3 0.9865



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

Latest Forex News

Latest Forex News

Editors’ Picks

EUR/USD treads water around 1.1600 after US data

EUR/USD continues to fluctuate in its daily range around 1.1600 as the latest data releases from the US failed to trigger a meaningful market reaction. New Home Sales in the US surged by 14% in September and consumer sentiment improved in October.


GBP/USD spikes to three-day tops above 1.3800

GBP/USD surged past the 1.3800 mark during the first half of the European session and shot to three-day tops on the back of upbeat UK data. Investors now await macroeconomic data releases from the US and the next phase of Brexit negotiations.  


Gold extends daily slide below $1,800 on rising US T-bond yields, upbeat data

The bearish pressure surrounding gold remains intact in the American trading hours on Tuesday. Rising US Treasury bond yields and the modest USD strength continues to weigh on XAU/USD. 

Gold News

Three reasons why MATIC price will breakout to a new all-time high at $4.5

MATIC price is breaking out of an ascending triangle pattern, hinting at a 150% ascent. Transactional data shows barely any resistance level ahead for Polygon, suggesting a swift move higher. The Layer 2 solution has been at the center of DeFi evolution.

Read more

AMC entertainment gains as meme stock rally continues from previous week

NYSE:AMC gained 0.63% during Monday’s trading session. Meme stocks rally on Monday as momentum carries over from the previous week. AMC CEO Adam Aron hints that the company could be getting into the cryptocurrency business.

Read more