Categories: Markets

USD/CHF Price Analysis: Firm around 0.9210 after hitting a high near 0.9240

  • USD/CHF is biased to the downside, but subject to a mean reversion move towards 0.9300.
  • Solid resistance lies at 0.9235/40, with a confluence of technical indicators rejecting the USD/CHF recovery.
  • USD/CHF Price Analysis: Bulls are hopeful if the pair sustains above 0.9158.

After the fall on Wednesday, the USD/CHF It is back to the psychological level of 0.9200, with its sights set on a break above a confluence of technical indicators. In addition, a falling wedge continues to develop in anticipation of next week’s strong economic calendar in the United States (US). At the time of writing, USD/CHF is trading at 0.9218, 0.22% above its opening price.

USD/CHF Price Analysis: Technical Insights

In the short term, USD/CHF has a bullish bias, although it was rejected at the confluence of a downtrend line and the 20 day EMA around the 0.9235/40 zone. However, bulls remain hopeful for higher prices as long as USD/CHF remains above the January 26 daily low of 0.9158.

Therefore, the first resistance for USD/CHF would be the aforementioned confluence of the 20-day EMA and a downtrend line around 0.9240. Once broken, the USD/CHF pair could rally towards the Jan 24 daily high at 0.9360, followed by the Jan 12 announcement at 0.9360.

As an alternate scenario, the first USD/CHF demand zone would be the January 26 daily low at 0.9158. If this zone is broken, the pair could drop to 0.9085.

Key technical levels for USD/CHF


Last price today 0.9214
Today I change daily 0.0012
today’s daily variation 0.13
today’s daily opening 0.9202
daily SMA20 0.9247
daily SMA50 0.9325
daily SMA100 0.9573
daily SMA200 0.9634
previous daily high 0.9226
previous daily low 0.9158
Previous Weekly High 0.9288
previous weekly low 0.9085
Previous Monthly High 0.9471
Previous monthly minimum 0.9201
Fibonacci daily 38.2 0.92
Fibonacci 61.8% daily 0.9184
Daily Pivot Point S1 0.9165
Daily Pivot Point S2 0.9128
Daily Pivot Point S3 0.9098
Daily Pivot Point R1 0.9232
Daily Pivot Point R2 0.9262
Daily Pivot Point R3 0.9299

Source: Fx Street

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