#USDCHF @ 0.91345 After hitting 18-month-lows, the is back above the 0.9100 threshold. (Pivot Orderbook analysis)

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• After hitting 18-month-lows, the USD/CHF is back above the 0.9100 threshold.
• USD/CHF Price Analysis: Remains downward biased below 0.9180, but once reclaimed, buyers would target 0.9280.

The pair currently trades last at 0.91345.

The previous day high was 0.9184 while the previous day low was 0.907. The daily 38.2% Fib levels comes at 0.9113, expected to provide support. Similarly, the daily 61.8% fib level is at 0.914, expected to provide resistance.

The USD/CHF climbs sharply after diving to fresh 18-month lows at 0.9059. However, it’s staging a comeback as the greenback gets bolstered following Wednesday’s US Federal Reserve’s decision to lift rates, which initially was perceived as dovish in the FX space. Nevertheless, the US Dollar (USD) had erased most of Wednesday’s losses, a tailwind for the USD/CHF. Therefore, the USD/CHF exchanges hand at 0.9221, above its opening price by 0.50%.

After the Fed’s decision, the USD/CHF fall continued on Wednesday, reaching new YTD lows, which were broken on Thursday. As the North American session progressed, USD/CHF bulls stepped in at 0.9050s and lifted the spot back above 0.91000.

Although the USD/CHF pair holds to gains in the day, it remains downward biased and is expected to extend its losses as long as it stays below 0.9180. A breach of 0.9059, the YTD low, would set the stage to challenge the 0.9000 psychological barrier.

On the other side, if the USD/CHF reclaims the February 1 high of 0.9182, that would exacerbate a test of the 0.9200 figure. Once cleared, the 20-day Exponential Moving Average (EMA) is next, followed by the January 31 high at 0.9288, ahead of 0.9300.

Technical Levels: Supports and Resistances

USDCHF currently trading at 0.9109 at the time of writing. Pair opened at 0.9087 and is trading with a change of 0.24 % .

The pair remains strongly bearish on the daily time frame. It trades below the 20 SMA @ 0.9224, 50 SMA 0.9298, 100 SMA @ 0.9557 and 200 SMA @ 0.9625.

The previous day high was 0.9184 while the previous day low was 0.907. The daily 38.2% Fib levels comes at 0.9113, expected to provide support. Similarly, the daily 61.8% fib level is at 0.914, expected to provide resistance.

Note the levels of interest below:

• Pivot support is noted at 0.9043, 0.9, 0.8929
• Pivot resistance is noted at 0.9157, 0.9228, 0.9271

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