USD/CHF technical analysis: Forms a temporary base near 200-hour SMA/50% Fibo. confluence region


   •  The USD/CHF pair failed to capitalize on its intraday positive move and remained capped below the overnight swing high, albeit seemed to form a base near 200-hour SMA.

   •  The mentioned support coincides with 50% Fibonacci retracement level of the 1.0008-1.0063 recent up-move and should now act as a key pivotal point for intraday traders.

Meanwhile, technical indicators on the 1-hourly chart have again started gaining positive traction and support prospects for a further appreciating move, though maintained their bearish bias on 4-hourly/daily charts and suggest selling pressure at higher levels.

Hence, it would be prudent to wait for a sustained move beyond 23.6% Fibo. level, around mid-1.0000s, before traders start positioning for an extension of the positive momentum towards the 1.0080-85 horizontal resistance en-route the 1.0100 round figure mark.

USD/CHF 1-hourly chart

USD/CHF

Overview
Today last price 1.0041
Today Daily Change 0.0002
Today Daily Change % 0.02
Today daily open 1.0039
 
Trends
Daily SMA20 1.012
Daily SMA50 1.0072
Daily SMA100 1.0028
Daily SMA200 0.9954
Levels
Previous Daily High 1.0063
Previous Daily Low 1.0013
Previous Weekly High 1.0122
Previous Weekly Low 1.0008
Previous Monthly High 1.0238
Previous Monthly Low 0.9932
Daily Fibonacci 38.2% 1.0044
Daily Fibonacci 61.8% 1.0032
Daily Pivot Point S1 1.0013
Daily Pivot Point S2 0.9988
Daily Pivot Point S3 0.9963
Daily Pivot Point R1 1.0064
Daily Pivot Point R2 1.0089
Daily Pivot Point R3 1.0114

 

 

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