#USDCHF @ 0.90739 registers minor gains, benefiting from a robust US Dollar despite falling Treasury bond yields. (Pivot Orderbook analysis)

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• USD/CHF registers minor gains, benefiting from a robust US Dollar despite falling Treasury bond yields.
• Buyers are targeting the 100-day EMA at 0.9123, aiming to reach the 200-day EMA at 0.9250.
• The bearish extension is possible, with support found at the confluence of the 50 and 20-day EMAs.

The pair currently trades last at 0.90739.

The previous day high was 0.912 while the previous day low was 0.9052. The daily 38.2% Fib levels comes at 0.9078, expected to provide resistance. Similarly, the daily 61.8% fib level is at 0.9094, expected to provide resistance.

USD/CHF is set to finish Tuesday’s session with minuscule gains, boosted by a strong US Dollar (USD), which held to its gains, as US Treasury bond yields fell late as Wall Street closes. At the time of writing, the USD/CHF exchanges hands at 0.9073, a gain of 0.16%.

From a technical perspective, the USD/CHF trades sideways, trapped within the short/long-term daily Exponential Moving Averages (EMAs). The Relative Strength Index (RSI) indicator, as well as the 3-day Rate of Change (RoC), portrays buyers are in charge, but they would need to clear the 100-day EMA at 0.9123, so they can rally towards the 0.9200 handle, as they target the 200-day EMA at 0.9250.

Otherwise, the USD/CHF could extend its losses past the confluence of the 50 and 20-day EMAs, each at 0.9039 and 0.9034, respectively, followed by the 0.9000 figure. If USD/CHF stumbles past the figure, the next support would be the May 22 daily low of 0.8940, followed by the YTD low of 0.8820.

Technical Levels: Supports and Resistances

USDCHF currently trading at 0.9076 at the time of writing. Pair opened at 0.9062 and is trading with a change of 0.15 % .

The pair is trading above its 20 Daily moving average @ 0.9012, above its 50 Daily moving average @ 0.8999 , below its 100 Daily moving average @ 0.9125 and below its 200 Daily moving average @ 0.9373

The previous day high was 0.912 while the previous day low was 0.9052. The daily 38.2% Fib levels comes at 0.9078, expected to provide resistance. Similarly, the daily 61.8% fib level is at 0.9094, expected to provide resistance.

Note the levels of interest below:

• Pivot support is noted at 0.9037, 0.9011, 0.897
• Pivot resistance is noted at 0.9104, 0.9145, 0.9171

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