USD/CHF technical analysis: Manages to hold above 0.9800 handle, 200-hour SMA

  • The USD/CHF pair struggled to sustain above 61.8% Fibo. level of the 0.9879-0.9714 recent slump and seems to have stalled this week's recovery move from the 0.9700 neighbourhood.
  • The intraday downtick remained cushioned near the 0.9800 handle, which coincides with 100/200-hour SMA confluence region and should act as a key pivotal point for intraday traders.

Meanwhile, neutral technical indicators on hourly/daily charts haven’t been supportive of any firm near-term direction and thus, warrant some caution before placing any aggressive bets for the pair’s near-term trajectory.
A decisive breakthrough the 0.9800-0.9795 region – also nearing 50% Fibo. level – might prompt some technical selling and turn the pair vulnerable to accelerate the slide further towards 23.6% Fibo. level support near mid-0.9700s.
On the flip side, sustained move beyond the overnight swing high – around the 0.9835-40 region – will set the stage for a further near-term appreciating move towards reclaiming the 0.9900 handle en-route the 0.9975-80 region – three-week tops set last Friday.

USD/CHF 1-hourly chart



Today last price 0.9812
Today Daily Change -0.0001
Today Daily Change % -0.01
Today daily open 0.9813
Daily SMA20 0.9787
Daily SMA50 0.9827
Daily SMA100 0.995
Daily SMA200 0.9955
Previous Daily High 0.9837
Previous Daily Low 0.9775
Previous Weekly High 0.9879
Previous Weekly Low 0.9735
Previous Monthly High 0.9952
Previous Monthly Low 0.978
Daily Fibonacci 38.2% 0.9814
Daily Fibonacci 61.8% 0.9799
Daily Pivot Point S1 0.978
Daily Pivot Point S2 0.9746
Daily Pivot Point S3 0.9717
Daily Pivot Point R1 0.9842
Daily Pivot Point R2 0.9871
Daily Pivot Point R3 0.9904



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