- USD/CHF trades near the multi-month low marked Wednesday.
- 38.2% Fibonacci retracement, 200-week SMA keep the pair’s upside limited.
- September 2018 low may return to the chart during heavy declines.
USD/CHF takes rounds to 0.9645 while heading into the European session on Thursday. The pair witnesses pullback from the lowest since September 2018, tested the previous day.
Bears are in control while targeting a downward sloping trend line plotted from January 2019, at 0.9615, as well as 61.8% Fibonacci retracement of 2018-19 upside move, near 0.9585.
Given the sellers’ failure to respect the key Fibonacci support, September 2018 bottom surrounding 0.9540 grabs the spotlight.
Alternatively, 0.9765 can act as an immediate upside barrier ahead of the 200-week SMA and 38.2% Fibonacci retracement around 0.9835/45 region.
USD/CHF weekly chart
Additional important levels
|Today last price||0.9645|
|Today Daily Change||8 pips|
|Today Daily Change %||0.08%|
|Today daily open||0.9637|
|Previous Daily High||0.9681|
|Previous Daily Low||0.963|
|Previous Weekly High||0.9763|
|Previous Weekly Low||0.9665|
|Previous Monthly High||1.0009|
|Previous Monthly Low||0.9646|
|Daily Fibonacci 38.2%||0.9649|
|Daily Fibonacci 61.8%||0.9662|
|Daily Pivot Point S1||0.9618|
|Daily Pivot Point S2||0.9598|
|Daily Pivot Point S3||0.9567|
|Daily Pivot Point R1||0.9669|
|Daily Pivot Point R2||0.97|
|Daily Pivot Point R3||0.972|
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.