USD/CHF technical analysis: Rebounding at 3-day low above 1.0030 support

USD/CHF is moving down as USD is seeing some weakness across the board.
The Swiss franc is in mild demand as a safe-haven currency as US stocks are trading near lows.

Flavio Tosti Independent Analyst

USD/CHF daily chart

USD/CHF is trading just above its 100 simple moving average (SMA).

USD/CHF 4-hour chart

USD/CHF is trading below its main SMAs suggesting a bearish bias.

USD/CHF 30-minute chart

USD/CHF is consolidating the last decline to the 1.0030 support. The market is trading below its main SMAs suggesting a bearish bias in the near term. A break below 1.0030 can lead to 1.0010 and 0.9990 to the downside. Bulls will try to trade above 1.0066 and 1.0100 resistances.

Additional key levels

USD/CHF

Overview
Today last price	1.0038
Today Daily Change	-0.0041
Today Daily Change %	-0.41
Today daily open	1.0079

Trends
Daily SMA20	1.0103
Daily SMA50	1.008
Daily SMA100	1.0036
Daily SMA200	0.9958

Levels
Previous Daily High	1.0099
Previous Daily Low	1.0069
Previous Weekly High	1.0122
Previous Weekly Low	1.0008
Previous Monthly High	1.0238
Previous Monthly Low	0.9932
Daily Fibonacci 38.2%	1.008
Daily Fibonacci 61.8%	1.0088
Daily Pivot Point S1	1.0066
Daily Pivot Point S2	1.0052
Daily Pivot Point S3	1.0036
Daily Pivot Point R1	1.0096
Daily Pivot Point R2	1.0112
Daily Pivot Point R3	1.0126

Author

Flavio Tosti

Independent Analyst

EUR/USD holds steady above 1.1850 as markets eye Eurozone GDP, US CPI inflation releases

The EUR/USD pair trades on a flat note near 1.1870 during the early Asian session on Friday. The major pair steadies amid mixed signals from the latest release of US economic indicators. Traders await the preliminary reading of the Eurozone Gross Domestic Product for the fourth quarter and US inflation data, which are published later on Friday.

GBP/USD consolidates around 1.3600 vs. USD; looks to US CPI for fresh impetus

The GBP/USD pair remains on the defensive through the Asian session on Friday, though it lacks bearish conviction and holds above the 1.3600 mark as traders await the release of the US consumer inflation figures before placing directional bets.

Gold recovers toward $5,000 as focus shifts to US CPI

Gold price is recovering ground toward $5,000 in the Asian session on Friday. The yellow metal tumbled roughly 3.50% on Thursday, with algorithmic traders appearing to amplify the precious metal’s sudden drop. Traders will closely monitor the release of the US Consumer Price Index inflation report for January, which will be released later on Friday.

Ethereum investors face huge unrealized losses following price slump

US spot Ethereum exchange-traded funds flipped negative again on Wednesday after recording net outflows of $129.1 million, reversing mild inflows seen at the beginning of the week, per SoSoValue data. Fidelity's FETH was responsible for more than half of withdrawals, posting outflows of $67 million.

A tale of two labour markets: Headline strength masks underlying weakness

Undoubtedly, yesterday’s delayed US January jobs report delivered a strong headline – one that surpassed most estimates. However, optimism quickly faded amid sobering benchmark revisions.

Aster Price Forecast: Demand sparks on Binance Wallet partnership for on-chain perpetuals

Aster is up roughly 9% so far on Thursday, hinting at the breakout of a crucial resistance level. Aster partners up with Binance wallet for the second season of the on-chain perpetuals challenge.