USD/CHF Technical Analysis: 0.9950 bear target hit as the Greenback is en route towards 0.9880 against CHF

Flavio Tosti Independent Analyst

USD/CHF daily chart

USD/CHF is in a bull leg above the main simple moving averages (SMAs).
As discussed, failure to recapture the parity level lead to a decline to the 0.9950 level.

USD/CHF 4-hour chart

USD/CHF is trading above the main SMAs as the market is rejecting the parity level.

USD/CHF 30-minute chart

As bears broke below the 0.9950 level and the 200 SMA the next targets become 0.9920 and 0.9880 to the downside.
The 0.9950 level become resistance.

Additional key levels

USD/CHF

Overview:
    Today Last Price: 0.9944
    Today Daily change: -32 pips
    Today Daily change %: -0.32%
    Today Daily Open: 0.9976
Trends:
    Daily SMA20: 0.9871
    Daily SMA50: 0.992
    Daily SMA100: 0.9893
    Daily SMA200: 0.99
Levels:
    Previous Daily High: 0.9987
    Previous Daily Low: 0.9961
    Previous Weekly High: 0.996
    Previous Weekly Low: 0.9799
    Previous Monthly High: 1.0009
    Previous Monthly Low: 0.979
    Daily Fibonacci 38.2%: 0.9977
    Daily Fibonacci 61.8%: 0.9971
    Daily Pivot Point S1: 0.9962
    Daily Pivot Point S2: 0.9949
    Daily Pivot Point S3: 0.9936
    Daily Pivot Point R1: 0.9988
    Daily Pivot Point R2: 1.0001
    Daily Pivot Point R3: 1.0014

Author

Flavio Tosti

Independent Analyst

EUR/USD: Bears flirt with 61.8% Fibo. support near 1.1775 area

The EUR/USD pair extends the previous day's late pullback from the 1.1835 region and attracts some follow-through selling during the Asian session on Tuesday. Spot prices currently trade around the 1.1775-1.1770 area, down nearly 0.15% for the day amid a modest US Dollar strength.

GBP/USD holds losses below 1.3500 due to BoE rate cut bets

GBP/USD edges lower after two days of gains, trading around 1.3480 during the Asian hours on Tuesday. The pair declines as the US Dollar rebounds from losses recorded over the previous two sessions. Traders will focus on the US ADP Employment Change four-week average later in the day, along with speeches from Federal Reserve officials.

Gold bears seem hesitant as geopolitical risks and Fed rate cut bets counter USD uptick

Gold sticks to modest intraday losses below the monthly peak touched earlier this Tuesday, though it lacks follow-through selling and holds above the $5,150 level heading into the European session. Following the previous day's knee-jerk fall in reaction to US President Donald Trump's new global tariffs and the subsequent bounce, the US Dollar attracts fresh buyers in the wake of the US Federal Reserve's hawkish outlook.

Dogecoin, Shiba Inu, and Pepe extend losses on bearish signals

Meme coins are facing renewed selling pressure amid fading broad risk-on sentiment so far this week, with Dogecoin, Shiba Inu, and Pepe extending their losses after recent corrections.

Supreme Court nixes tariffs, Trump teases 15% global tariff

On February 20th, the Supreme Court ruled that Trump’s global tariffs under IEEPA authority were unconstitutional, effectively nullifying the framework. However, the relief was short-lived. Within hours, Trump floated a 15% blanket tariff under an alternative legal authority.

Dogecoin, Shiba Inu, and Pepe extend losses on bearish signals

Meme coins are facing renewed selling pressure amid fading broad risk-on sentiment so far this week, with Dogecoin, Shiba Inu, and Pepe extending their losses after recent corrections.