USD/CHF Technical Analysis: Dollar making another run for 1.0000

Joshua Gibson FXStreet

The previous twenty-four hours saw the USD/CHF fail to hold ground above the 1.0000 major technical handle, and the pair is looking to regain its composure and make a second run at the key level from last Friday's/early Monday's lows near 0.9965.

USD/CHF, M5

Last week, the Dollar-Franc continued to grind higher off of a rising but contested bullish trendline, and the pair's resistance from the 1.0000 is unlikely to remain subdued for long.

USD/CHF, M30

The past month has seen the Greenback take key steps back above the 1.0000 major handle, and the pairt remains on-balance to reclaim the key figure, and the past month has seen the Dollar-Franc pairing recover from near-term lows off of 0.9850.

USD/CHF, H4

USD/CHF

Overview:
    Last Price: 0.9982
    Daily change: 10 pips
    Daily change: 0.100%
    Daily Open: 0.9972
Trends:
    Daily SMA20: 0.9925
    Daily SMA50: 0.9803
    Daily SMA100: 0.987
    Daily SMA200: 0.9748
Levels:
    Daily High: 1.0028
    Daily Low: 0.9964
    Weekly High: 1.0028
    Weekly Low: 0.9938
    Monthly High: 0.982
    Monthly Low: 0.9542
    Daily Fibonacci 38.2%: 0.9988
    Daily Fibonacci 61.8%: 1.0003
    Daily Pivot Point S1: 0.9948
    Daily Pivot Point S2: 0.9924
    Daily Pivot Point S3: 0.9884
    Daily Pivot Point R1: 1.0012
    Daily Pivot Point R2: 1.0052
    Daily Pivot Point R3: 1.0076

Author

Joshua Gibson

FXStreet

Joshua joins the FXStreet team as an Economics and Finance double major from Vancouver Island University with twelve years' experience as an independent trader focusing on technical analysis.

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