#USDCHF @ 0.92910 hovers slightly below the 0.9300 figure and remains around the 20-day EMA. (Pivot Orderbook analysis)

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• USD/CHF hovers slightly below the 0.9300 figure and remains around the 20-day EMA.
• USD/CHF Price Analysis: Upward biased in the near term, but downside risks remain on a break below the 20-day EMA.

The pair currently trades last at 0.92910.

The previous day high was 0.9338 while the previous day low was 0.9123. The daily 38.2% Fib levels comes at 0.9256, expected to provide support. Similarly, the daily 61.8% fib level is at 0.9205, expected to provide support.

USD/CHF retreats from weekly highs of 0.9340 and meanders between two daily Exponential Moving Averages (EMAs), at around 0.9290s. An improvement in market sentiment, and a soft US Dollar (USD), triggered flows toward the Swiss Franc (CHF), which recovered some ground.

Following Wednesday’s price action that saw the USD/CHF pair gaining 2%, Thursday’s session turned red. Nevertheless, the USD/CHF stayed nearby the 20/50-day EMAs, each at 0.9288 and 0.9297, respectively. If the USD/CHF cracks the top of the range, that will poise the pair towards 0.9300 and beyond. Once the figure is conquered, the USD/CHF will test the 100-day EMA at 0.9366, followed by the 0.9400 mark. A rally above will lift the USD/CHF toward the 200-day EMA at 0.9435.

In an alternate scenario, the USD/CHF first support will be the 20-day EMA At 0.9288. a breach of the latter and the USD/CHF will dive towards March 16 low at 0.9229 before stumbling to 0.9200.

Technical Levels: Supports and Resistances

USDCHF currently trading at 0.9297 at the time of writing. Pair opened at 0.9331 and is trading with a change of -0.36 % .

The pair is trading below its 20 Daily moving average @ 0.9316, above its 50 Daily moving average @ 0.926 , below its 100 Daily moving average @ 0.938 and below its 200 Daily moving average @ 0.9553

The previous day high was 0.9338 while the previous day low was 0.9123. The daily 38.2% Fib levels comes at 0.9256, expected to provide support. Similarly, the daily 61.8% fib level is at 0.9205, expected to provide support.

Note the levels of interest below:

• Pivot support is noted at 0.919, 0.905, 0.8976
• Pivot resistance is noted at 0.9405, 0.9479, 0.962

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