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

Overview
Today last price 0.9936
Today Daily Change 9 pips
Today Daily Change % 0.09%
Today daily open 0.9927
 
Trends
Daily SMA20 0.9841
Daily SMA50 0.9842
Daily SMA100 0.9925
Daily SMA200 0.995
Levels
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

 

 

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