USD/CHF technical analysis: Clings to 23.6% Fibo, eyes on Swiss ZEW and Fed

  • USD/CHF stays above 21-day EMA amid bullish MACD.
  • A daily closing beyond the monthly trendline will trigger fresh upside.

Given the monthly falling resistance line and 21-day EMA confusing USD/CHF traders on a key day, the quote seesaws near 0.9940 during pre-European session on Wednesday.

Adding to the odds of pair’s run-up are bullish signals from the 12-bar Moving Average Convergence and Divergence (MACD) indicator. However, buyers need a sustained break above a descending trend line since October 03, at 0.9960, to take aim at 1.000 round-figure.

Meanwhile, pair’s declines below 21-day Exponential Moving Average (EMA) highlights the importance of 38.2% and 50% Fibonacci retracement levels of August-October upside, at 0.9885 and 0.9845 respectively.

Other than technical catalysts, traders will also be on the lookout for Swiss ZEW Expectations for October, forecast -6.8 versus -15.4, while the United States (US) Federal Reserve’s interest rate decision will also be the key to follow.

USD/CHF daily chart

Trend: sideways

additional important levels

Today last price 0.9938
Today Daily Change -2 pips
Today Daily Change % -0.02%
Today daily open 0.994
Daily SMA20 0.9936
Daily SMA50 0.9906
Daily SMA100 0.9875
Daily SMA200 0.9956
Previous Daily High 0.9966
Previous Daily Low 0.9933
Previous Weekly High 0.9956
Previous Weekly Low 0.9841
Previous Monthly High 0.9988
Previous Monthly Low 0.9797
Daily Fibonacci 38.2% 0.9946
Daily Fibonacci 61.8% 0.9953
Daily Pivot Point S1 0.9927
Daily Pivot Point S2 0.9913
Daily Pivot Point S3 0.9894
Daily Pivot Point R1 0.996
Daily Pivot Point R2 0.9979
Daily Pivot Point R3 0.9993



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

GBP/USD off 7-month highs, still firmer as Tories hold the lead

GBP/USD retraces from the new seven-month highs of 1.3180 but remains strongly bid, as weekend polls have reaffirmed a solid lead for PM Johnson's Conservatives. Cable dropped on Friday amid upbeat US data.


EUR/USD steadying above 1.1050 amid upbeat German export data

EUR/USD is trading above 1.1050, attempting a recovery after Germany reported an increase in exports in October. EUR/USD dropped sharply on Friday amid upbeat US Non-Farm Payrolls and weak German industrial output. 


Cryptos: Market ready to launch, not knowing who will lead it

The market hesitates between Bitcoin and Ethereum to lead the next bullish run. Ethereum will suffer heavy losses if not in command. Bullish clarity may call for terminal motivation bearish jerks.

Read more

Gold bulls hold in there on geopolitical and trade risks, despite robust USD

Gold prices were under pressure at the start of the week as the US dollar seeks correction of the latest slide following a very healthy headline accumulative number in US jobs creation which included strong revisions.

Gold News

USD/JPY: Bears losing their grip as market attempts to bottom

USD/JPY is trading on the bid in the US session following a rise from 108.42 the low to a high of 108.66.