USD/CHF Technical Analysis: Greenback is set to revisit 0.9920 - FOMC minutes eyed


USD/CHF daily chart

  • USD/CHF is trading in a bull trend below the 200-day simple moving average (SMA)
  • USD/CHF found some support above the 50 SMA as technical indicators are in bearish territories
  • The FOMC minutes scheduled at 19.00 GMT can lead to extreme volatility in the forex market.

USD/CHF 4-hour chart

  • USD/CHF is finding resistance at the 50 SMA while the market strongly broke below the 200 SMA.
  • Technical indicators are neutral to bearish.

USD/CHF 30-minute chart

  • USD/CHF printed a 5-wave pattern which can send the pair down to 0.9920.
  • USD/CHF found resistance at the 100 and 200 SMA. 

Additional key levels

USD/CHF

Overview:
    Today Last Price: 0.996
    Today Daily change: 25 pips
    Today Daily change %: 0.252%
    Today Daily Open: 0.9935
Trends:
    Previous Daily SMA20: 1.0011
    Previous Daily SMA50: 0.9932
    Previous Daily SMA100: 0.9892
    Previous Daily SMA200: 0.982
Levels:
    Previous Daily High: 1.0006
    Previous Daily Low: 0.9925
    Previous Weekly High: 1.0012
    Previous Weekly Low: 0.9908
    Previous Monthly High: 1.0096
    Previous Monthly Low: 0.9801
    Previous Daily Fibonacci 38.2%: 0.9956
    Previous Daily Fibonacci 61.8%: 0.9975
    Previous Daily Pivot Point S1: 0.9905
    Previous Daily Pivot Point S2: 0.9874
    Previous Daily Pivot Point S3: 0.9823
    Previous Daily Pivot Point R1: 0.9986
    Previous Daily Pivot Point R2: 1.0036
    Previous Daily Pivot Point R3: 1.0067

 

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