USD/CHF technical analysis: 4H 100MA, 2-week-old support-zone limit immediate declines


  • USD/CHF extends Thursday’s downpour, nears short-term key supports.
  • An upside break of 0.9985 could recall June month highs.

Given the failure to rise past-0.9980/85 area, USD/CHF carries the previous day’s declines while trading around 0.9913 ahead of the Europe markets open on Friday.

The bearish signal from 12-bar moving average convergence and divergence (MACD) indicates brighter chances of pair’s further declines to 100-bar moving average on the four-hour chart, at 0.9900 now, followed by a two-week-old rising trend-line near 0.9890.

Should sellers refrain from respecting immediate support-line, 38.2% Fibonacci retracement of August-September upside, at 0.9860, and a month-long ascending trend-line close to 0.9835 will be on the bears’ radar.

Alternatively, 0.9950 and 0.9980/85 holds the key to pair’s rally towards early-June tops surrounding 1.0020, adjacent to mid-May bottoms nearing 1.0050.

USD/CHF 4-hour chart

Trend: pullback expected

additional important levels

Overview
Today last price 0.9913
Today Daily Change -15 pips
Today Daily Change % -0.15%
Today daily open 0.9928
 
Trends
Daily SMA20 0.9879
Daily SMA50 0.9844
Daily SMA100 0.9909
Daily SMA200 0.995
 
Levels
Previous Daily High 0.9984
Previous Daily Low 0.9899
Previous Weekly High 0.9947
Previous Weekly Low 0.9854
Previous Monthly High 0.9976
Previous Monthly Low 0.9659
Daily Fibonacci 38.2% 0.9931
Daily Fibonacci 61.8% 0.9952
Daily Pivot Point S1 0.989
Daily Pivot Point S2 0.9852
Daily Pivot Point S3 0.9805
Daily Pivot Point R1 0.9975
Daily Pivot Point R2 1.0022
Daily Pivot Point R3 1.006

 

 

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