USD/CHF Price Analysis: US dollar sidelined, off 2020 highs vs. Swiss franc, sub-0.9800 figure


  • USD/CHF consolidates gains for the fourth consecutive day. 
  • The level to beat for bulls is the 0.9900 resistance.

 

USD/CHF daily chart

 
 
USD/CHF is consolidating gains for the fourth consecutive session near the 200 SMA. The Fed extended its Quantitative Easing operation with a relatively negative reaction on the US dollar which has been consolidating against most currencies in recent days. 

 

USD/CHF four-hour chart


 
USD/CHF’s uptrend stays intact as the spot is trading above the main SMAs. The quote is consolidating sideways near the 0.9800 figure. Buyers remain in control as a break above the 0.9900 figure can lead to a run to the parity level. Support can be expected near the 0.9750, 0.9700 and 0.9650 levels.

Resistance: 0.9900, 1.0000, 1.0050
Support: 0.9750, 0.9700, 0.9650 


 
 
Additional key levels 

USD/CHF

Overview
Today last price 0.9787
Today Daily Change -0.0029
Today Daily Change % -0.30
Today daily open 0.9816
 
Trends
Daily SMA20 0.9591
Daily SMA50 0.9678
Daily SMA100 0.976
Daily SMA200 0.9815
 
Levels
Previous Daily High 0.9852
Previous Daily Low 0.9719
Previous Weekly High 0.9901
Previous Weekly Low 0.9392
Previous Monthly High 0.9851
Previous Monthly Low 0.9609
Daily Fibonacci 38.2% 0.977
Daily Fibonacci 61.8% 0.9802
Daily Pivot Point S1 0.9739
Daily Pivot Point S2 0.9662
Daily Pivot Point S3 0.9606
Daily Pivot Point R1 0.9873
Daily Pivot Point R2 0.9929
Daily Pivot Point R3 1.0006

 

 

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