USD/CHF Technical Analysis: Greenback plummets to new 3-month’s low ahead of FOMC minutes

Flavio Tosti Independent Analyst

USD/CHF daily chart

USD/CHF is trading in a sideways trend below the 50, 100 and 200-period simple moving average (SMA).
USD/CHF is trading close near its lowest level in three months.
The FOMC minutes scheduled at 19:00 GMT will likely provide high volatility in the forex market.

USD/CHF 4-hour chart

USD/CHF precipitated down below 0.9800 figure as Fed’s Bostic made some dovish comments.

USD/CHF 30-minute chart

Hawkish FOMC minutes will likely send USD/CHF to 0.9820 while a dovish tone can see USD/CHF weakening to the 0.9700 figure.

Additional key levels

USD/CHF

Overview:
    Today Last Price: 0.976
    Today Daily change: -55 pips
    Today Daily change %: -0.560%
    Today Daily Open: 0.9815
Trends:
    Previous Daily SMA20: 0.989
    Previous Daily SMA50: 0.9953
    Previous Daily SMA100: 0.9881
    Previous Daily SMA200: 0.9885
Levels:
    Previous Daily High: 0.9835
    Previous Daily Low: 0.9788
    Previous Weekly High: 0.9921
    Previous Weekly Low: 0.9796
    Previous Monthly High: 1.0009
    Previous Monthly Low: 0.979
    Previous Daily Fibonacci 38.2%: 0.9817
    Previous Daily Fibonacci 61.8%: 0.9806
    Previous Daily Pivot Point S1: 0.979
    Previous Daily Pivot Point S2: 0.9766
    Previous Daily Pivot Point S3: 0.9743
    Previous Daily Pivot Point R1: 0.9837
    Previous Daily Pivot Point R2: 0.986
    Previous Daily Pivot Point R3: 0.9884

Author

Flavio Tosti

Independent Analyst

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