USD/CHF Price Analysis: US Dollar bounces from session’s lows, trades near 0.9800 figure

USD/CHF consolidates gains for the third consecutive day.
The level to beat for buyers is the 0.9900 resistance.
The parity level is on the bulls’ radar.

Flavio Tosti Independent Analyst

USD/CHF daily chart

USD/CHF is consolidating gains for the third consecutive day just above the main SMAs. The Fed extended its Quantitative Easing program with a slightly negative reaction on the US dollar which is consolidating against most currencies.

USD/CHF four-hour chart

USD/CHF’s bull trend remains intact as the spot is trading above its main SMAs. The quote retreated below the 0.9800 figure but found support near the 0.9750 level as expected. Bulls remain in control and are looking for a break above the 0.9900 figure for a run to the parity level.

Resistance: 0.9900, 1.0000, 1.0050

Support: 0.9800, 0.9750, 0.9700

Additional key levels

USD/CHF

Overview
Today last price	0.982
Today Daily Change	-0.0028
Today Daily Change %	-0.28
Today daily open	0.9848

Trends
Daily SMA20	0.9589
Daily SMA50	0.9675
Daily SMA100	0.9761
Daily SMA200	0.9816

Levels
Previous Daily High	0.9902
Previous Daily Low	0.979
Previous Weekly High	0.9901
Previous Weekly Low	0.9392
Previous Monthly High	0.9851
Previous Monthly Low	0.9609
Daily Fibonacci 38.2%	0.9833
Daily Fibonacci 61.8%	0.9859
Daily Pivot Point S1	0.9792
Daily Pivot Point S2	0.9735
Daily Pivot Point S3	0.968
Daily Pivot Point R1	0.9904
Daily Pivot Point R2	0.9959
Daily Pivot Point R3	1.0015

Author

Flavio Tosti

Independent Analyst

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