USD/CHF Price Analysis: Seesaws around 0.9215 key level

USD/CHF eases from two-week high, wavers near 200-SMA and descending trend line from November 26.
Bullish MACD signals, weekly support line keep buyers hopeful.

Anil Panchal FXStreet

USD/CHF consolidates recent gains around 0.9210, down 0.08% intraday while easing from a fortnight top marked the previous day. Even so, the Swiss currency (CHF) pair stays on the way to the first weekly run-up in three by early Friday in Asia.

That said, the latest pullback can aim for the 100-SMA level of 0.9187 before challenging the weekly support line, near 0.9160 by the press time.

It should be noted, however, that a clear downside beak of the 0.9160 will drag the quote towards the last monthly low surrounding 0.9100.

Following that, November’s low near 0.9080 may test the USD/CHF bears before directing them to August 2021 low close to 0.9020.

Given the bullish MACD and the quote’s weekly advances, a clear upside break of 0.9215 is more likely, which in turn could propel the quote towards the December 2021 peak of 0.9296.

After that, a successful rise past 0.9300 becomes necessary for the USD/CHF prices to aim for November’s peak of 0.9373.

USD/CHF: Four-hour chart

Trend: Further upside expected

Additional important levels

Overview
Today last price	0.9212
Today Daily Change	-0.0006
Today Daily Change %	-0.07%
Today daily open	0.9218

Trends
Daily SMA20	0.9194
Daily SMA50	0.9208
Daily SMA100	0.9213
Daily SMA200	0.9169

Levels
Previous Daily High	0.9224
Previous Daily Low	0.9165
Previous Weekly High	0.9202
Previous Weekly Low	0.9102
Previous Monthly High	0.9295
Previous Monthly Low	0.9102
Daily Fibonacci 38.2%	0.9201
Daily Fibonacci 61.8%	0.9188
Daily Pivot Point S1	0.918
Daily Pivot Point S2	0.9143
Daily Pivot Point S3	0.9121
Daily Pivot Point R1	0.924
Daily Pivot Point R2	0.9261
Daily Pivot Point R3	0.9299

Author

Anil Panchal

FXStreet

Anil Panchal has nearly 15 years of experience in tracking financial markets. With a keen interest in macroeconomics, Anil aptly tracks global news/updates and stays well-informed about the global financial moves and their implications.

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