- USD/CHF fails to sustain the bounce off key support-confluence including 200-HMA and 38.2% Fibonacci retracement.
- A downside break highlights the 61.8% Fibonacci retracement level while 200-DMA caps the upside.
Failures to sustain the bounce off 200-hour moving average (HMA) and 38.2% Fibonacci retracement of latest run-up drag the USD/CHF back to the key support-confluence while taking rounds to 0.9900 ahead of Friday’s European open.
Should prices slip below 0.9890 support-joint, 50% Fibonacci retracement around 0.9870 may offer an intermediate halt to its downpour to 61.8% Fibonacci retracement level of 0.9855.
In a case where the quote keeps falling below 0.9855, 0.9820 and 0.9800 appear on the bears’ radar.
Even if the 200-DMA has been restricting the pair’s upside since 12-weeks, a sustained break of which could easily fuel prices to 1.0000 round-figure.
USD/CHF hourly chart
additional important levels
|Today last price||0.9897|
|Today Daily Change||-6|
|Today Daily Change %||-0.06%|
|Today daily open||0.9903|
|Previous Daily High||0.9947|
|Previous Daily Low||0.988|
|Previous Weekly High||0.993|
|Previous Weekly Low||0.9797|
|Previous Monthly High||0.9976|
|Previous Monthly Low||0.9659|
|Daily Fibonacci 38.2%||0.9906|
|Daily Fibonacci 61.8%||0.9921|
|Daily Pivot Point S1||0.9873|
|Daily Pivot Point S2||0.9843|
|Daily Pivot Point S3||0.9806|
|Daily Pivot Point R1||0.994|
|Daily Pivot Point R2||0.9977|
|Daily Pivot Point R3||1.0007|
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