USD/CHF technical analysis: Buyers’ exhaustion around 0.9985/90


  • USD/CHF repeatedly fails to cross 0.9985/90 area.
  • A two-month-old rising trend-line, 100-day EMA grabs sellers’ attention.

Repeated failures to rise past-0.9985/90 resistance-area drags USD/CHF to 0.9965 by the press time of early Tuesday.

The pair now witnesses pullback towards the two-month-old rising trend-line, at 0.9930, a break of which could further drag the quote to a 100-day Exponential Moving Average (EMA) level of 0.9910.

Though, pair’s declines beneath 0.9910 can take aim at September 24 low nearing 0.9845.

On the flip side, pair’s successful run-up beyond 0.9990 needs validation from 61.8% Fibonacci retracement of April-August declines, at 1.0016, in order to aim for 1.0100 mark.

USD/CHF daily chart

Trend: sideways

additional important levels

Overview
Today last price 0.9965
Today Daily Change -6 pips
Today Daily Change % -0.06%
Today daily open 0.9971
 
Trends
Daily SMA20 0.9941
Daily SMA50 0.9871
Daily SMA100 0.9881
Daily SMA200 0.9954
 
Levels
Previous Daily High 0.9984
Previous Daily Low 0.9943
Previous Weekly High 0.9991
Previous Weekly Low 0.9904
Previous Monthly High 0.9988
Previous Monthly Low 0.9797
Daily Fibonacci 38.2% 0.9959
Daily Fibonacci 61.8% 0.9968
Daily Pivot Point S1 0.9948
Daily Pivot Point S2 0.9925
Daily Pivot Point S3 0.9907
Daily Pivot Point R1 0.9989
Daily Pivot Point R2 1.0007
Daily Pivot Point R3 1.003

 

 

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