#USDCHF @ 0.91365 gains traction after falling short of breaking to new YTD lows. (Pivot Orderbook analysis)
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- USD/CHF gains traction after falling short of breaking to new YTD lows.
- USD/CHF Price Analysis: Downward biased; it might test 0.9059 and below.
The pair currently trades last at 0.91365.
The previous day high was 0.9214 while the previous day low was 0.9072. The daily 38.2% Fib levels comes at 0.9126, expected to provide support. Similarly, the daily 61.8% fib level is at 0.916, expected to provide resistance.
USD/CHF trims some of its Monday losses and shifts positively on Tuesday, gaining 0.47%. The USD/CHF is trading at 0.9151 after hitting a daily low of 0.9094 earlier in the European session.
After collapsing for three consecutive days, the USD/CHF found a bottom shy of the year-to-date (YTD) lows at 0.9070. However, the USD/CHF recovery has fallen short of cracking a previous low-turned resistance around 0.9160. That could exacerbate the downtrend, and the USD/CHF could be testing YTD lows soon.
The Relative Strength Index (RSI) remains in bearish territory, though turned flat. This means that sellers are taking a respite before pushing prices lower. The Rate of Change (RoC) portrays buyers stepping in but with insufficient force to shift the bias. The path of least resistance is downward biased.
The USD/CHF first support would be the 0.9100 figure. Break below, and the pair might fall toward March’s 13 daily low at 0.9070 before testing the YTD low at 0.9059, ahead of the 0.9000 figure. In an alternate scenario, the USD/CHF first resistance would be the March 13 daily high of 0.9205. Once cleared, the USD/CHF’s next resistance would be the 20-day Exponential Moving Average (EMA) At 0.9283 before reaching 0.9300.
Technical Levels: Supports and Resistances
USDCHF currently trading at 0.9138 at the time of writing. Pair opened at 0.9118 and is trading with a change of 0.22 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 0.9138 |
| 1 | Today Daily Change | 0.0020 |
| 2 | Today Daily Change % | 0.2200 |
| 3 | Today daily open | 0.9118 |
The pair remains strongly bearish on the daily time frame. It trades below the 20 SMA @ 0.9315, 50 SMA 0.9264, 100 SMA @ 0.9393 and 200 SMA @ 0.9558.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 0.9315 |
| 1 | Daily SMA50 | 0.9264 |
| 2 | Daily SMA100 | 0.9393 |
| 3 | Daily SMA200 | 0.9558 |
The previous day high was 0.9214 while the previous day low was 0.9072. The daily 38.2% Fib levels comes at 0.9126, expected to provide support. Similarly, the daily 61.8% fib level is at 0.916, expected to provide resistance.
Note the levels of interest below:
- Pivot support is noted at 0.9055, 0.8992, 0.8913
- Pivot resistance is noted at 0.9198, 0.9277, 0.934
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 0.9214 |
| Previous Daily Low | 0.9072 |
| Previous Weekly High | 0.9439 |
| Previous Weekly Low | 0.9175 |
| Previous Monthly High | 0.9429 |
| Previous Monthly Low | 0.9059 |
| Daily Fibonacci 38.2% | 0.9126 |
| Daily Fibonacci 61.8% | 0.9160 |
| Daily Pivot Point S1 | 0.9055 |
| Daily Pivot Point S2 | 0.8992 |
| Daily Pivot Point S3 | 0.8913 |
| Daily Pivot Point R1 | 0.9198 |
| Daily Pivot Point R2 | 0.9277 |
| Daily Pivot Point R3 | 0.9340 |
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