USD/CHF technical analysis: 0.9900/10 challenges recovery from 61.8% Fibo.

USD/CHF bounces off from a multi-week low.

38.2% Fibonacci retracement, late-September bottoms can question the recent upside.

The USD/CHF pair’s latest recovery is less likely to prevail for long unless clearing near-term key resistance area. The quote seesaws around 0.9860 by the press time of the pre-European session on Monday.

While 50% Fibonacci retracement of late-August to the early-October upside, at 0.9870, can act as an immediate upside barrier, 0.9900/10 supply-zone comprising late-September lows and 38.2% Fibonacci retracement will become a tough nut to crack for buyers.

On the break of 0.9910, 0.9960 and 1.0000 will regain market attention.

Alternatively, pair’s declines below 61.8% Fibonacci retracement near 0.9830 will fetch prices to September month low nearing 0.9800 whereas 0.9770 and late-August bottom nearing 0.9715 could flash on bears’ radar afterward.

USD/CHF 4-hour chart

Trend: bearish

additional important levels

Today last price 0.986
Today Daily Change 17 pips
Today Daily Change % 0.17%
Today daily open 0.9843
Daily SMA20 0.9937
Daily SMA50 0.9885
Daily SMA100 0.9875
Daily SMA200 0.9956
Previous Daily High 0.9892
Previous Daily Low 0.9837
Previous Weekly High 0.9997
Previous Weekly Low 0.9837
Previous Monthly High 0.9988
Previous Monthly Low 0.9797
Daily Fibonacci 38.2% 0.9858
Daily Fibonacci 61.8% 0.9871
Daily Pivot Point S1 0.9822
Daily Pivot Point S2 0.9802
Daily Pivot Point S3 0.9767
Daily Pivot Point R1 0.9878
Daily Pivot Point R2 0.9913
Daily Pivot Point R3 0.9934



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.

Feed news

Latest Forex News

Latest Forex News

Editors’ Picks

EUR/USD trades above 1.18 ahead of US retail sales

EUR/USD is trading above 1.18, off the highs. The dollar advanced along with higher yields, the ongoing fiscal impasse, and upbeat jobless claims. The focus shifts to US retail sales for July. 


GBP/USD trades above 1.3050 ahead of more reopening steps

GBP/USD is trading above 1.3050, off the lows. The UK is set to ease some restrictions over the weekend, extending its gradual exit from lockdown. The US dollar is taking a break after gaining and ahead of retail sales. 


Gold trades with modest losses, below $1950 level

Gold traded with a mild negative bias through the early European session and was last seen hovering near the lower end of its daily range, around the $1945 region.

Gold News

Forex Today: Three reasons for the greenback comeback, all eyes on retail sales

The US dollar has been gaining ground once again as the bond-yield pendulum swings up again. Washington's fiscal impasse, a weak bond auction, upbeat jobless claims, and Sino-American relations will make way for retail sales figures for July. 

Read more

WTI drops to $42 amid poor Chinese data led risk-aversion

WTI (futures on Nymex) has come under fresh selling pressure and attacks the $42 level, as risk-aversion seeps into the European session and diminishes the demand for the higher-yielding assets such as oil.

Oil News