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USD/CHF technical analysis: Greenback stable near 0.9755 as US stocks recover

  • The demand for the Swiss franc decreases as Wall Street indices are gaining strength. 
  • The level to beat for bulls are at 0.9790 and 0.9815 level.

 

USD/CHF daily chart

 
USD/CHF is trading off 2-month lows below the main daily simple moving averages (DSMAs). Equity markets are recovering from the recent selloff easing the demand for safe-haven currencies such as CHF and JPY. 
 

USD/CHF 4-hour chart

 
USD/CHF is bouncing from monthly lows while trading below its main SMAs. Bulls need a clear break above 0.9790 to reach 0.9815 resistance on the way up.
  

USD/CHF 30-minute chart

 
 
USD/CHF is trading just above the 50 and 100 SMA, suggesting a pullback up in the near term. Immediate supports are near 0.9755 and 0.9726, according to the Technical Confluences Indicator
 

Additional key levels

USD/CHF

Overview
Today last price0.9758
Today Daily Change0.0003
Today Daily Change %0.03
Today daily open0.9755
 
Trends
Daily SMA200.9853
Daily SMA500.9877
Daily SMA1000.9977
Daily SMA2000.9973
Levels
Previous Daily High0.9798
Previous Daily Low0.9692
Previous Weekly High0.9976
Previous Weekly Low0.9814
Previous Monthly High0.9952
Previous Monthly Low0.978
Daily Fibonacci 38.2%0.9732
Daily Fibonacci 61.8%0.9758
Daily Pivot Point S10.9699
Daily Pivot Point S20.9642
Daily Pivot Point S30.9593
Daily Pivot Point R10.9805
Daily Pivot Point R20.9854
Daily Pivot Point R30.9911

Author

Flavio Tosti

Flavio Tosti

Independent Analyst

 

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