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USD/CHF Price Analysis: US dollar eases from 2020 highs, stabilizes near 0.9800 figure

  • USD/CHF consolidates gains for the second consecutive day. 
  • The level to beat for bulls is the 0.9900 resistance.
  • The parity level might be on the bulls’ radar.
 
 

USD/CHF daily chart

 
USD/CHF is retreating slightly this Monday while the currency pair is consolidating gains for the second consecutive day above the main SMAs. The Fed extended its Quantitative Easing program with an initial reaction down on the US dollar which was relatively limited on USD/CHF and across the board. 
 

USD/CHF four-hour chart

 
The uptrend remains intact as the spot is trading above the main SMAs. Bulls are looking for a break above the 0.9900 figure for a potential run to the parity level (1.0000) followed by the 1.0050 level on the way up. The market is expected to find support near 0.9800, 0.9750 and 0.9700 levels in the medium term. 
 
 

Additional key levels 

USD/CHF

Overview
Today last price0.9826
Today Daily Change-0.0036
Today Daily Change %-0.37
Today daily open0.9862
 
Trends
Daily SMA200.9586
Daily SMA500.9673
Daily SMA1000.9761
Daily SMA2000.9817
 
Levels
Previous Daily High0.9901
Previous Daily Low0.9744
Previous Weekly High0.9901
Previous Weekly Low0.9392
Previous Monthly High0.9851
Previous Monthly Low0.9609
Daily Fibonacci 38.2%0.9841
Daily Fibonacci 61.8%0.9804
Daily Pivot Point S10.977
Daily Pivot Point S20.9679
Daily Pivot Point S30.9613
Daily Pivot Point R10.9927
Daily Pivot Point R20.9993
Daily Pivot Point R31.0084

Author

Flavio Tosti

Flavio Tosti

Independent Analyst

 

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