USD/CHF technical analysis: Pivots around 200-day SMA, near mid-0.9900s

  • Continued with its struggle to extend the momentum beyond 200-DMA.
  • Bears eye a decisive break below the ascending trend-channel support.
  • Bulls are likely to await a sustained strength above the key parity mark.

The USD/CHF pair failed to capitalize on last week's attempted rebound from a support marked by the lower end of a two-month-old ascending trend-channel and met with some fresh supply on Monday.
The pair's repeated failed attempts to extend the momentum further beyond the very important 200-day SMA now seemed to suggest that the recent positive move might have already run out of the steam.
Meanwhile, oscillators on hourly charts have struggled to gain any meaningful traction but managed to hold with a mild positive bias, warranting some caution before placing any aggressive bearish bets.
Hence, it will be prudent to wait for a sustained break below the mentioned trend-channel support, currently near the 0.9925 region, before positioning for a slide back towards the 0.9900 handle.
Sustained weakness below the mentioned support will reaffirm a near-term bearish breakdown and accelerate the slide further towards the next major support near the 0.9860-55 region.
On the upside, bulls are likely to wait for a decisive breakthrough the parity mark, above which the pair is likely to aim towards testing the recent swing highs resistance near the 1.0025-30 region.
The momentum could further get extended, though is likely to confront stiff resistance near the top end of the mentioned trend-channel, currently near the 1.0100 round-figure mark.

USD/CHF daily chart



Today last price 0.9956
Today Daily Change -0.0011
Today Daily Change % -0.11
Today daily open 0.9967
Daily SMA20 0.9939
Daily SMA50 0.9867
Daily SMA100 0.9881
Daily SMA200 0.9953
Previous Daily High 0.9991
Previous Daily Low 0.9956
Previous Weekly High 0.9991
Previous Weekly Low 0.9904
Previous Monthly High 0.9988
Previous Monthly Low 0.9797
Daily Fibonacci 38.2% 0.997
Daily Fibonacci 61.8% 0.9978
Daily Pivot Point S1 0.9952
Daily Pivot Point S2 0.9937
Daily Pivot Point S3 0.9917
Daily Pivot Point R1 0.9987
Daily Pivot Point R2 1.0006
Daily Pivot Point R3 1.0021



Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Feed news

Latest Forex News

Editors’ Picks

Euro rolling into the Asian session near one-month lows

The Fiber, on the daily chart, is trading in a downtrend below its main daily simple moving averages (DMAs). The Fiber was week on the second day of the week. The level to beat for bears is the 1.0995 support level.


GBP/USD: Doji on D1, lower highs setup portray Cable weakness

Not only lower highs since late-October but a bearish candlestick formation also portrays the GBP/USD pair’s weakness as it takes rounds to 1.2855 during the early Asian session on Wednesday.


USD/JPY supported at 10-DMA amid risk-off, eyes US CPI, Powell

USD/JPY bounced-off the10-DMA support near 108.85 and regained the 109 handle, despite the risk-off action in the Asian equities and US equity futures amid trade deal uncertainty. The bulls seem to have found some support from higher US Treasury yields. 


Gold fails to hold on to recovery amid USD strength, trade woes

Although pessimism surrounding the US trade relations with China and the EU, coupled with Hong Kong protests, favored Gold to bounce off multi-month lows on Tue, prices are again under pressure while taking rounds to $1,458 during today’s Asian session.

Gold News

UK inflation report outlook: GBP/USD may stumble on another CPI slide

Headline Consumer Price Index (CPI) has missed expectations in the past two months by standing at 1.7% annual. Economists seem to have adapted their expectations and forecast a further deceleration to 1.6% in October's inflation report. 

Read more