#USDCHF @ 0.90192 pair surges past the 0.9000 figure, aiming for a 50-day EMA test at 0.9025 after printing a bullish hammer on the daily chart, turning bias to neutral upwards. (Pivot Orderbook analysis)

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• USD/CHF pair surges past the 0.9000 figure, aiming for a 50-day EMA test at 0.9025 after printing a bullish hammer on the daily chart, turning bias to neutral upwards.
• USD/CHF rally could challenge the 100-day EMA at 0.9137 if the 50-day EMA is breached, setting sights on the April 3 daily high of 0.9196.
• Despite a neutral 3-day RoC, RSI indicates a bullish turn, suggesting USD/CHF bulls are gathering momentum.

The pair currently trades last at 0.90192.

The previous day high was 0.8997 while the previous day low was 0.8941. The daily 38.2% Fib levels comes at 0.8963, expected to provide support. Similarly, the daily 61.8% fib level is at 0.8976, expected to provide support.

USD/CHF climbs above the 0.9000 figure, eyeing a 50-day Exponential Moving Average (EMA) test at 0.9025 after printing a bullish hammer in the daily chart. The USD/CHF is trading at 0.9015, after hitting a daily low of 0.8975, trades above its opening price by 0.42%.

The USD/CHF pair is neutral to downward biased unless it claims the 50-day EMA at 0.9025, which would turn the bias to neutral upwards. It should be said the USD/CHF printed a new daily high, above the May 2 high of 0.8995, opening the door for further upside. If USD/CHF cracks the 50-day EMA, the pair will test last week’s high of 0.9063 before rallying toward the 0.9100 mark. That would further cement a bullish bias, with the USD/CHF about to challenge the 100-day EMA at 0.9137, on its way to the April 3 daily high of 0.9196.

Notably, the Relative Strength Index (RSI) indicator turned bullish and just bounced off the 50-midline, a sign of USD/CHF bulls gathering momentum; while the 3-day Rate of Change (RoC) remains neutrally biased.

Therefore, the USD/CHF trend would likely continue upward. On the downside, the USD/CHF’s first support would be the 0.9000 figure, which, once cleared, the pair would dip to the 20-day EMA At 0.8968.

Technical Levels: Supports and Resistances

USDCHF currently trading at 0.9019 at the time of writing. Pair opened at 0.8979 and is trading with a change of 0.45 % .

The pair is trading above its 20 Daily moving average @ 0.8938, below its 50 Daily moving average @ 0.9032 , below its 100 Daily moving average @ 0.9148 and below its 200 Daily moving average @ 0.94

The previous day high was 0.8997 while the previous day low was 0.8941. The daily 38.2% Fib levels comes at 0.8963, expected to provide support. Similarly, the daily 61.8% fib level is at 0.8976, expected to provide support.

Note the levels of interest below:

• Pivot support is noted at 0.8947, 0.8916, 0.8891
• Pivot resistance is noted at 0.9004, 0.9029, 0.906

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