USD/CHF Price Analysis: Recovers above 0.9250

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  • US dollar strengthens in the currency space, a tailwind for USD/CHF.
  • USD/CHF Price Analysis: Shift to neutral bias once buyers break above the 20 DMA.

The USD/CHF is advancing strongly during the North American session on Friday, as Wall Street will end the last trading session of the week with losses. Therefore, USD/CHF is trading at 0.9260, up 1.42% from its opening price.

USD/CHF Price Analysis: Technical Perspective

On Friday, the USD/CHF rally broke two downward resistance trend lines, which would pave the way for further losses. Furthermore, the 20-day EMA at 0.9210 has rallied during the uptrend, exposing crucial resistance levels which, once breached, could pave the way for further gains.

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The first resistance for USD/CHF will be the daily high on January 31 at 0.9288. A break of the latter level and the 50 day EMA at 0.9307 would be in play, followed by the January 12 high at 0.9360.

On the flip side, the first support for USD/CHF would be the 20-day EMA at 0.9210. If bears were to recapture this latest level, the slide below 0.9200 would deepen, followed by the 3rd February daily low at 0.9112.

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USD/CHF Key Technical Levels


Last price today 0.9263
Today I change daily 0.0128
today’s daily variation 1.40
today’s daily opening 0.9135
daily SMA20 0.9213
daily SMA50 0.9292
daily SMA100 0.9552
daily SMA200 0.9622
previous daily high 0.914
previous daily low 0.9059
Previous Weekly High 0.928
previous weekly low 0.9158
Previous Monthly High 0.941
Previous monthly minimum 0.9085
Fibonacci daily 38.2 0.9109
Fibonacci 61.8% daily 0.909
Daily Pivot Point S1 0.9083
Daily Pivot Point S2 0.9031
Daily Pivot Point S3 0.9003
Daily Pivot Point R1 0.9163
Daily Pivot Point R2 0.9191
Daily Pivot Point R3 0.9243

Source: Fx Street

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