- 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.
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|
|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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