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USD/CHF Price Analysis: Bounces off 18-month lows and recovers 0.9100 level

  • After hitting 18-month lows, USD/CHF breaks back above the 0.9100 threshold.
  • USD/CHF Price Analysis: Remains biased to the downside below 0.9180, but once recovered, buyers would target 0.9280.

USD/CHF rises strongly after falling to 18-month lows at 0.9059. However, it is picking up ground as the dollar strengthens following the US Federal Reserve’s rate hike decision on Wednesday, which was initially perceived as dovish in the currency space. However, the US dollar (USD) had erased most of Wednesday’s losses, a tailwind for USD/CHF. Therefore, USD/CHF is trading at 0.9221, up 0.50% from its opening price.

USD/CHF Price Analysis: Technical Insights

Following the Fed’s decision, the USD/CHF slide continued on Wednesday, hitting new all-time lows, which were broken on Thursday. As the North American session progressed, USD/CHF bulls entered 0.9050 and pushed the spot back above 0.91000.

Although the USD/CHF pair holds gains today, it remains biased to the downside and is expected to extend its losses as long as it holds below 0.9180. A break of 0.9059, the last year low, would set the stage to challenge the psychological barrier of 0.9000.

On the other hand, if USD/CHF recaptures the Feb 1 high of 0.9182, the test of 0.9200 would be aggravated. Once broken, the 20 day EMA is next, followed by the January 31 high at 0.9288, ahead of 0.9300.

Key USD/CHF Technical Levels


Last price today 0.9109
Today I change daily 0.0022
today’s daily variation 0.24
today’s daily opening 0.9087
daily SMA20 0.9224
daily SMA50 0.9298
daily SMA100 0.9557
daily SMA200 0.9625
previous daily high 0.9184
previous daily low 0.907
Previous Weekly High 0.928
previous weekly low 0.9158
Previous Monthly High 0.941
Previous monthly minimum 0.9085
Fibonacci daily 38.2 0.9113
Fibonacci 61.8% daily 0.914
Daily Pivot Point S1 0.9043
Daily Pivot Point S2 0.9
Daily Pivot Point S3 0.8929
Daily Pivot Point R1 0.9157
Daily Pivot Point R2 0.9228
Daily Pivot Point R3 0.9271

Source: Fx Street

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