#USDCHF @ 0.95259 Swiss Franc outperforms during the American session. (Pivot Orderbook analysis)
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- Swiss Franc outperforms during the American session.
- USD/CHF ends a positive streak with a sharp decline.
- DXY holds onto losses, on a quiet trading session.
The pair currently trades last at 0.95259.
The previous day high was 0.9598 while the previous day low was 0.9533. The daily 38.2% Fib levels comes at 0.9573, expected to provide resistance. Similarly, the daily 61.8% fib level is at 0.9558, expected to provide resistance.
The USD/CHF is losing more than 50 pips on Tuesday ending a positive streak for the US Dollar. The pair printed a fresh two-day low at 0.9508 during the American session on the back of a decline of the DXY and a stronger Swiss Franc.
More weakness in USD/CHF would expose the critical short-term support at 0.9495/0.9500. On the upside, immediate resistance is seen at 0.9560 followed by the 0.9600 area.
The US Dollar Index is losing 0.40% on Tuesday, after rising during the previous three trading days. At the same time, equity prices in Wall Street are posting gains on a quiet session.
Regarding economic data, the US released the Richmond Fed Manufacturing Index which rose in November from -10 to -9. On Wednesday, global PMIs are due and the Federal Reserve will release the minutes of its latest meeting.
The Swiss Franc gained momentum during the American session. The EUR/CHF cross broke below 0.9800 and dropped to 0.9762, hitting the lowest since November 16. The GBP/CHF turned negative hitting levels under 1.1300 and rose to the highest level in a week above 148.60.
Technical Levels: Supports and Resistances
USDCHF currently trading at 0.9522 at the time of writing. Pair opened at 0.959 and is trading with a change of -0.71 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 0.9522 |
| 1 | Today Daily Change | -0.0068 |
| 2 | Today Daily Change % | -0.7100 |
| 3 | Today daily open | 0.9590 |
The pair remains strongly bearish on the daily time frame. It trades below the 20 SMA @ 0.9771, 50 SMA 0.9822, 100 SMA @ 0.9736 and 200 SMA @ 0.9631.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 0.9771 |
| 1 | Daily SMA50 | 0.9822 |
| 2 | Daily SMA100 | 0.9736 |
| 3 | Daily SMA200 | 0.9631 |
The previous day high was 0.9598 while the previous day low was 0.9533. The daily 38.2% Fib levels comes at 0.9573, expected to provide resistance. Similarly, the daily 61.8% fib level is at 0.9558, expected to provide resistance.
Note the levels of interest below:
- Pivot support is noted at 0.9549, 0.9508, 0.9483
- Pivot resistance is noted at 0.9614, 0.9639, 0.968
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 0.9598 |
| Previous Daily Low | 0.9533 |
| Previous Weekly High | 0.9558 |
| Previous Weekly Low | 0.9357 |
| Previous Monthly High | 1.0148 |
| Previous Monthly Low | 0.9781 |
| Daily Fibonacci 38.2% | 0.9573 |
| Daily Fibonacci 61.8% | 0.9558 |
| Daily Pivot Point S1 | 0.9549 |
| Daily Pivot Point S2 | 0.9508 |
| Daily Pivot Point S3 | 0.9483 |
| Daily Pivot Point R1 | 0.9614 |
| Daily Pivot Point R2 | 0.9639 |
| Daily Pivot Point R3 | 0.9680 |
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