USD/CHF Price Analysis: Upside attempts capped below 0.9285 resistance

USD/CHF is hesitating below 0.9285 resistance level.
The overall bias remains positive while above trendline support at 0.9250.

Guillermo Alcala FXStreet

The US dollar is hesitating against the Swiss franc for the second consecutive day on Thursday. The pair has bounced up from trendline support, at 0.9250 area, yet it seems unable to extend its recovery past 0.9285 resistance so far.

Technical indicators are suggesting a neutral to slightly positive bias, that would confirm once the pair breaches the mentioned 0.9285 (23.6% Fibonacci retracement of the August - September rally). A clear confirmation above here would improve upside momentum, and open the path towards 0.9310 (October 6 high) and attempt a retest of multi-month highs at 0.9365.

On the downside, a clear drop below the trendline support from early August low, now around 0.9260 would cancel the positive trend and expose 0.9215 (September 22, 23, and 24 lows) and 50% Fibonacci retracement at 0.9295.

USD/CHF 4-hour chart

Technical levels to watch

USD/CHF

Overview
Today last price	0.9277
Today Daily Change	0.0003
Today Daily Change %	0.03
Today daily open	0.9274

Trends
Daily SMA20	0.9258
Daily SMA50	0.919
Daily SMA100	0.9148
Daily SMA200	0.9119

Levels
Previous Daily High	0.9308
Previous Daily Low	0.9272
Previous Weekly High	0.9368
Previous Weekly Low	0.9244
Previous Monthly High	0.9368
Previous Monthly Low	0.9116
Daily Fibonacci 38.2%	0.9285
Daily Fibonacci 61.8%	0.9294
Daily Pivot Point S1	0.9261
Daily Pivot Point S2	0.9248
Daily Pivot Point S3	0.9224
Daily Pivot Point R1	0.9297
Daily Pivot Point R2	0.9321
Daily Pivot Point R3	0.9334

Author

Guillermo Alcala

FXStreet

Graduated in Communication Sciences at the Universidad del Pais Vasco and Universiteit van Amsterdam, Guillermo has been working as financial news editor and copywriter in diverse Forex-related firms, like FXStreet and Kantox.

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