USD/CHF Technical Analysis: Positive beyond 200-day SMA, 50% Fibo.

  • USD/CHF fails to cross mid-October high, 61.8% Fibonacci retracement.
  • A downside break of 0.9948 could recall 0.9900 on the chart
  • Bullish MACD keeps buyers hopeful.

The USD/CHF pair’s failure to rise beyond mid-October highs can’t be considered as it’s weakness unless the quote traders above 200-day SMA, 50% Fibonacci retracement of April-August downpour. The prices seesaw around 0.9970 during early Monday.

Also favoring the buyers are the bullish signals from 12-bar Moving Average Convergence and Divergence (MACD).

As a result, prices could keep targeting a sustained move beyond October 15 high around 1.0000, also clearing 61.8% Fibonacci retracement level of 1.0016, to question May-end top near 1.0100.

On the contrary, pair’s declines below 50% Fibonacci retracement level of 0.9948 could drag the quote to 0.9900 while the monthly bottom close to 0.9850 and the October 18 low of 0.9837 might please sellers then after.

In a case where bears keep the reins after 0.9837, 23.6% Fibonacci retracement level of 0.9795 will be on their radars.

USD/CHF daily chart

Trend: Bullish

additional important levels

Today last price 0.9972
Today Daily Change -5 pips
Today Daily Change % -0.05%
Today daily open 0.9977
Daily SMA20 0.9916
Daily SMA50 0.992
Daily SMA100 0.9874
Daily SMA200 0.9955
Previous Daily High 0.998
Previous Daily Low 0.9937
Previous Weekly High 0.998
Previous Weekly Low 0.9852
Previous Monthly High 1.0028
Previous Monthly Low 0.9837
Daily Fibonacci 38.2% 0.9964
Daily Fibonacci 61.8% 0.9953
Daily Pivot Point S1 0.9949
Daily Pivot Point S2 0.9922
Daily Pivot Point S3 0.9906
Daily Pivot Point R1 0.9992
Daily Pivot Point R2 1.0008
Daily Pivot Point R3 1.0035



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