USD/CHF technical analysis: 0.9890/95 to challenge buyers

  • USD/CHF takes the bids near 38.2% Fibonacci retracement of April-August downpour.
  • 200-day EMA, four-month-old falling trend-line acts as key upside resistance.

Despite breaking 50-day exponential moving average (EMA), USD/CHF remains below key resistance confluence as it takes rounds to 0.9880 during Friday’s Asian session.

The pair needs to provide a daily closing beyond 0.9890/95 region including 100-day EMA and four-month-old descending trend-line in order justify its strength.

In doing so monthly high surrounding 0.9975, 1.0000 round-figure and 61.8% Fibonacci retracement level of 1.0020 will flash on USD/CHF bulls’ radars.

On the contrary, a pullback below 50-day EMA level of 0.9844 can fetch prices to 0.9800 mark comprising 23.6% Fibonacci retracement. However, an upward sloping trend-line since August 13, at 0.9740, could question further declines.

USD/CHF daily chart

Trend: pullback expected

Additional important levels

Today last price 0.988
Today Daily Change 14 pips
Today Daily Change % 0.14%
Today daily open 0.9866
Daily SMA20 0.9779
Daily SMA50 0.9825
Daily SMA100 0.9946
Daily SMA200 0.9953
Previous Daily High 0.9877
Previous Daily Low 0.98
Previous Weekly High 0.9879
Previous Weekly Low 0.9735
Previous Monthly High 0.9952
Previous Monthly Low 0.978
Daily Fibonacci 38.2% 0.9848
Daily Fibonacci 61.8% 0.9829
Daily Pivot Point S1 0.9818
Daily Pivot Point S2 0.977
Daily Pivot Point S3 0.9741
Daily Pivot Point R1 0.9895
Daily Pivot Point R2 0.9925
Daily Pivot Point R3 0.9973



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