USD/CHF technical analysis: 200-DMA, 50% Fibo. restrict immediate upside

  • USD/CHF follows a four-week-old rising trend-channel.
  • 0.9950 resistance confluence holds the key for a run-up to channel’s upper-line.

USD/CHF again attempts to conquer 200-day simple moving average (DMA) as it takes the bids to 0.9940 ahead of Thursday’s European session open.

Increasing the strength of the resistance is 50% Fibonacci retracement of April-August declines, at 0.9950, a break of which will escalate the pair’s rise towards channel’s resistance-line, at 0.9980 now.

In a case bulls refrain from respecting 0.9980, the 1.000 psychological magnet and 61.8% Fibonacci retracement level of 1.00165 will be on their radars.

On the contrary, 38.2% Fibonacci retracement level of 0.9880 could restrict the pair’s near-term declines, a break of which could highlight 50-DMA level of 0.9845 and channel’s lower-line, at 0.9820.

If at all 0.9820 falls short of pulling the pair up, 23.6% Fibonacci retracement level near 0.9800 and late-August bottom surrounding 0.9715 could lure bears.

USD/CHF daily chart

Trend: pullback expected

additional important levels

Today last price 0.9936
Today Daily Change 9 pips
Today Daily Change % 0.09%
Today daily open 0.9927
Daily SMA20 0.9841
Daily SMA50 0.9842
Daily SMA100 0.9925
Daily SMA200 0.995
Previous Daily High 0.9944
Previous Daily Low 0.9911
Previous Weekly High 0.993
Previous Weekly Low 0.9797
Previous Monthly High 0.9976
Previous Monthly Low 0.9659
Daily Fibonacci 38.2% 0.9931
Daily Fibonacci 61.8% 0.9924
Daily Pivot Point S1 0.9911
Daily Pivot Point S2 0.9894
Daily Pivot Point S3 0.9878
Daily Pivot Point R1 0.9944
Daily Pivot Point R2 0.996
Daily Pivot Point R3 0.9977



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.

Feed news

Latest Forex News

Editors’ Picks

EUR/USD extends recovery beyond 1.1050 on Saudi output headlines

News indicating that Saudi Arabia’s oil output would return to normal quicker than expected, lifted the market’s mood and weighed on the greenback. EUR/USD underpinned by improved Business Sentiment according to the German ZEW Survey.


GBP/USD rallies past 1.2500, reaches fresh multi-week highs

The GBP/USD pair is trading above the 1.2500 figure, getting a boost from easing demand for the greenback following relief news related to the crude oil market after the weekend attack to Saudi facilities.


USD/JPY drops back to recent range after hitting fresh 6-week highs

The USD/JPY pair spiked to 108.35, reaching the highest intraday level since August 1st and then pulled back to the 108.15/20 area.


Gold struggles to find direction, trades in tight range near critical $1,500 handle

The XAU/USD pair struggling to make a decisive move on Tuesday and continues to trade in a relatively tight range around the $1,500 handle.

Gold News

Saudi Arabia's oil output to be fully back online in next 2-3 weeks

Citing two sources briefed on the Saudi oil operations, Reuters reported that Saudi Arabia's oil output would return to normal levels quicker than initially thought.

Read more