• The USD/CHF reclaims the 0.9700 figure, advancing towards the 0.9800 mark, up by 0.70%.
  • USD/CHF Price Analysis: A daily close above 0.9740 opens the way towards 0.9900; otherwise, a fall to 0,9600 is on the cards.

The USD/CHF climbs during the North American session, hitting a six-week high at around 0.9762, leaving below the 20-day EMA, widening the gap from the long-term daily moving averages (DMAs). At the time of writing, the USD/CHF exchanges hands at 0.9746, up 0.70%.

USD/CHF Price Analysis: Technical outlook

The USD/CHF weekly chart illustrates the pair extended its gains above the 20-EMA, lying at 0.9676, following Monday’s unsuccessful break. Additionally, the Relative Strength Index (RSI) crossed above the 7-week RSI’s SMA, aiming higher, showing buyers are gathering momentum. Therefore, the USD/CHF is resuming its upward bias in the near term.

The USD/CHF daily chart illustrates the major bouncing off the 100-day EMA, after Monday’s failure to do, and extended its gains to hit a daily high at 0-9762 before retreating toward current price levels, just above the July 21 high at 0.9739. If the USD/CHF achieves a daily close below tie latter, a retracement towards the 0.9600 figure is on the cards. Otherwise, the USD/CHF could continue its way north, towards the 0.9886 mark, ahead of the 0.9900 psychological level.

Hence, the USD/CHF first resistance would be the 0.9800 figure, followed by the July 14 daily high at 0.9886, ahead of the psychologically 0.9900 mark. On the other hand, the USD/CHF first support would be the 0.9700 figure. Once cleared, the next demand area would be the 100-day EMA at 0.9665, followed by the 50-day EMA at 0.9616, and then the August 26 daily low at 0.9577.

USD/CHF Key Technical Levels

USD/CHF

Overview
Today last price 0.9746
Today Daily Change 0.0061
Today Daily Change % 0.63
Today daily open 0.9685
 
Trends
Daily SMA20 0.9564
Daily SMA50 0.962
Daily SMA100 0.9666
Daily SMA200 0.9452
 
Levels
Previous Daily High 0.9708
Previous Daily Low 0.9658
Previous Weekly High 0.9692
Previous Weekly Low 0.9574
Previous Monthly High 0.9886
Previous Monthly Low 0.9502
Daily Fibonacci 38.2% 0.9689
Daily Fibonacci 61.8% 0.9677
Daily Pivot Point S1 0.9659
Daily Pivot Point S2 0.9633
Daily Pivot Point S3 0.9609
Daily Pivot Point R1 0.9709
Daily Pivot Point R2 0.9733
Daily Pivot Point R3 0.9759

 

 

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