USD/CHF Price Analysis: US dollar down, challenges 0.9700 figure vs. Swiss franc

USD/CHF is down for a second consecutive day.
The level to beat for bears is the 0.9700 figure.

Flavio Tosti Independent Analyst

USD/CHF daily chart

USD/CHF is trading down for the second consecutive day after rejecting the 0.9800 figure and the 200 SMA on the daily chart while testing the 0.9700 level and the 100 SMA.

USD/CHF four-hour chart

USD/CHF is easing from the May highs while challenging the 0.9700 figure and the 50/100 SMAs. The spot is losing steam and it is not clear if bulls can support the market above 0.9700. A break below the level could lead to further losses towards lower levels. Resistances can be seen near the 0.9720 and 0.9750 levels.

Additional key levels

USD/CHF

Overview
Today last price	0.9702
Today Daily Change	-0.0029
Today Daily Change %	-0.30
Today daily open	0.9731

Trends
Daily SMA20	0.9695
Daily SMA50	0.9648
Daily SMA100	0.9692
Daily SMA200	0.9788

Levels
Previous Daily High	0.9784
Previous Daily Low	0.9729
Previous Weekly High	0.98
Previous Weekly Low	0.9589
Previous Monthly High	0.9803
Previous Monthly Low	0.9595
Daily Fibonacci 38.2%	0.975
Daily Fibonacci 61.8%	0.9763
Daily Pivot Point S1	0.9712
Daily Pivot Point S2	0.9693
Daily Pivot Point S3	0.9657
Daily Pivot Point R1	0.9767
Daily Pivot Point R2	0.9803
Daily Pivot Point R3	0.9822

Author

Flavio Tosti

Independent Analyst

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