USD/CHF technical analysis: Bull in control above 21-day EMA, short-term rising support-line

USD/CHF remains modestly changed above 13-day-old rising trend-line, 21-day EMA.
An ascending trend-line from August 13 adds to the support.
August month top, 61.8% Fibonacci retracement level challenge buyers.

Anil Panchal FXStreet

The USD/CHF pair’s failure to provide a decisive break above August high seems to not disappoint buyers, even for short-term, unless the quote trades below key support-confluence. Prices seesaw around 0.9910 while heading into the European open on Monday.

The 0.9892/0.9900 area including 21-day exponential moving average (EMA) and a rising trend-line since September 04 acts as near-term key support to watch as the break of which could drag prices to 38.2% Fibonacci retracement of April-August declines, at 0.9880.

Pair’s south-run below 0.9880 can avail 0.9840 and nearly six-week-long ascending support-line around 0.9820 as rest-points.

On the upside, the recent high of 0.9985 and 61.8% Fibonacci retracement level of 1.0017 keep challenging buyers.

USD/CHF daily chart

Trend: bullish

additional important levels

Overview
Today last price	0.9913
Today Daily Change	4 pips
Today Daily Change %	0.04%
Today daily open	0.9909

Trends
Daily SMA20	0.9887
Daily SMA50	0.9846
Daily SMA100	0.9907
Daily SMA200	0.9949

Levels
Previous Daily High	0.9937
Previous Daily Low	0.9889
Previous Weekly High	0.9984
Previous Weekly Low	0.9864
Previous Monthly High	0.9976
Previous Monthly Low	0.9659
Daily Fibonacci 38.2%	0.9907
Daily Fibonacci 61.8%	0.9919
Daily Pivot Point S1	0.9886
Daily Pivot Point S2	0.9864
Daily Pivot Point S3	0.9838
Daily Pivot Point R1	0.9934
Daily Pivot Point R2	0.996
Daily Pivot Point R3	0.9982

Author

Anil Panchal

FXStreet

Anil Panchal has nearly 15 years of experience in tracking financial markets. With a keen interest in macroeconomics, Anil aptly tracks global news/updates and stays well-informed about the global financial moves and their implications.

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