USD/CHF technical analysis: Greenback under pressure below 0.9700 as sellers challenge June lows

CHF is up as Wall Street indices start the week in the red.
The level to beat for bears are at the 0.9675 and 0.9660 levels.

Flavio Tosti Independent Analyst

USD/CHF daily chart

USD/CHF is trading near 2-month lows below the main daily simple moving averages (DSMAs). US equity markets are starting the week on the back foot, driving demand for safe-haven currencies such as the Swiss franc.

USD/CHF 4-hour chart

USD/CHF is creeping lower while trading below its main SMAs. Bears want to reach 0.9675 and 0.9660 on the way down, according to the Technical Confluences Indicator.

USD/CHF 30-minute chart

USD/CHF is trading below its main SMAs, suggesting bearish pressure in the near term. Immediate resistances are near 0.9694 and 0.9726, according to the Technical Confluences Indicator.

Additional key levels

USD/CHF

Overview
Today last price	0.969
Today Daily Change	-0.0035
Today Daily Change %	-0.36
Today daily open	0.9725

Trends
Daily SMA20	0.984
Daily SMA50	0.9865
Daily SMA100	0.9973
Daily SMA200	0.997

Levels
Previous Daily High	0.9758
Previous Daily Low	0.9709
Previous Weekly High	0.9839
Previous Weekly Low	0.9692
Previous Monthly High	0.9952
Previous Monthly Low	0.978
Daily Fibonacci 38.2%	0.9728
Daily Fibonacci 61.8%	0.9739
Daily Pivot Point S1	0.9704
Daily Pivot Point S2	0.9682
Daily Pivot Point S3	0.9655
Daily Pivot Point R1	0.9753
Daily Pivot Point R2	0.978
Daily Pivot Point R3	0.9802

Author

Flavio Tosti

Independent Analyst

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