USD/CHF Technical Analysis: Freefall towards 0.9900 figure

Flavio Tosti Independent Analyst

USD/CHF 4-hour chart

USD/CHF is trading in a bear leg below the 200-period simple moving average on the 4-hour chart.
Technical indicators are oversold but as the market is steeply down it is likely that USD/CHF will spike at least to 0.9900 figure.
The 0.9950 becomes the level to beat for bulls.

Additional key levels at a glance:

USD/CHF

Overview:
    Last Price: 0.9927
    Daily change: -71 pips
    Daily change: -0.710%
    Daily Open: 0.9998
Trends:
    Daily SMA20: 1.0028
    Daily SMA50: 0.9888
    Daily SMA100: 0.9889
    Daily SMA200: 0.9794
Levels:
    Daily High: 1.0088
    Daily Low: 0.999
    Weekly High: 1.013
    Weekly Low: 0.999
    Monthly High: 1.0096
    Monthly Low: 0.9801
    Daily Fibonacci 38.2%: 1.0028
    Daily Fibonacci 61.8%: 1.0051
    Daily Pivot Point S1: 0.9963
    Daily Pivot Point S2: 0.9928
    Daily Pivot Point S3: 0.9865
    Daily Pivot Point R1: 1.0061
    Daily Pivot Point R2: 1.0124
    Daily Pivot Point R3: 1.0159

Author

Flavio Tosti

Independent Analyst

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