USD/CHF Technical Analysis: 38.2% Fibonacci, 200-DMA doubt pullback from monthly low
USD/CHF seesaws around 0.9873 while heading into the European session on Wednesday. The price dropped to the lowest since early November on Tuesday but has recently pulled back.
The pair’s refrain to drop further below the latest bottom seems to prepare for a confrontation to 38.2% Fibonacci retracement of August-October rise, near 0.9890. Though, 200-Day Simple Moving Average (DMA), at 0.9920 now, seems to restrict the quote’s advances afterward. Read more…
USD/CHF drops to over 1-month lows, around mid-0.9800s
USD/CHF witnessed some follow-through selling for the third consecutive session on Wednesday and dropped to over one-month lows, around mid-0.9800s in the last hour.
The pair extended this week's rejection slide from the key parity mark and continued losing ground through the early European session on Wednesday. Persistent trade uncertainty continued underpinning the Swiss franc's perceived safe-haven status and kept exerting downward pressure on the major. Read more...
|Today last price||0.9856|
|Today Daily Change||-0.0017|
|Today Daily Change %||-0.17|
|Today daily open||0.9873|
|Previous Daily High||0.9927|
|Previous Daily Low||0.9857|
|Previous Weekly High||1.0024|
|Previous Weekly Low||0.9954|
|Previous Monthly High||1.0024|
|Previous Monthly Low||0.985|
|Daily Fibonacci 38.2%||0.9884|
|Daily Fibonacci 61.8%||0.99|
|Daily Pivot Point S1||0.9844|
|Daily Pivot Point S2||0.9816|
|Daily Pivot Point S3||0.9774|
|Daily Pivot Point R1||0.9914|
|Daily Pivot Point R2||0.9956|
|Daily Pivot Point R3||0.9984|
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.