USD/CHF Technical Analysis: The Greenback drop is landing on 0.9910 support

Flavio Tosti Independent Analyst

USD/CHF daily chart

USD/CHF is trading in a sideways trend as the currency pair is testing the 50, 100 and 200-day simple moving averages (SMAs).

USD/CHF 4-hour chart

Bears broke below the 50 SMA as the market is sliding down.

USD/CHF 30-minute chart

Bears need a break below the 0.9910 support to extend the current drop to the 0.9870 level.
To the upside, resistance lies at 0.9940 and 0.9960.
Bears seem to have run of steam for the time being leaving the door potentially open for USD/CHF bulls to take the lead.

Additional key levels

USD/CHF

Overview:
    Today Last Price: 0.9913
    Today Daily change: -11 pips
    Today Daily change %: -0.11%
    Today Daily Open: 0.9924
Trends:
    Daily SMA20: 0.988
    Daily SMA50: 0.9914
    Daily SMA100: 0.9901
    Daily SMA200: 0.9904
Levels:
    Previous Daily High: 0.9976
    Previous Daily Low: 0.9922
    Previous Weekly High: 0.9991
    Previous Weekly Low: 0.9922
    Previous Monthly High: 1.0009
    Previous Monthly Low: 0.979
    Daily Fibonacci 38.2%: 0.9942
    Daily Fibonacci 61.8%: 0.9955
    Daily Pivot Point S1: 0.9906
    Daily Pivot Point S2: 0.9887
    Daily Pivot Point S3: 0.9852
    Daily Pivot Point R1: 0.9959
    Daily Pivot Point R2: 0.9994
    Daily Pivot Point R3: 1.0013

Author

Flavio Tosti

Independent Analyst

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