The currency pair USDCHF, which was previously at 0.89048, has bounced back and is currently trading at 0.8941. This indicates that it is experiencing a period of stabilization around the 0.8900 mark.
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- USD/CHF rebounds, trading at 0.8941, showing consolidation around the 0.8900 level.
The pair currently trades last at 0.89048.
The previous day high was 0.9056 while the previous day low was 0.8907. The daily 38.2% Fib levels comes at 0.8964, expected to provide resistance. Similarly, the daily 61.8% fib level is at 0.8999, expected to provide resistance.
USD/CHF rebounds at around weekly lows, though it remains below the 0.9000 figure, due to a risk-off impulse that bolstered the US Dollar (USD), which is set to finish the week with losses of 1.18%, per the US Dollar Index (DXY). The USD/CHF is trading at 0.8941 after hitting a daily low of 0.8901.
The USD/CHF depicts the pair as downward biased, though set to consolidate nearby the 0.8900 figure. During the session, the USD/CHF dropped from around 61.8% Fibonacci Retracement (FR) toward the 78.6% FR level but failed to surpass 0.8900, which would have exacerbated additional losses and a YTD low test of 0.8819.
With the USD/CHF rebounding toward the 61.8% FR at 0.8949, buyers must conquer the latter to lift rates toward the 0.9000 psychological level. In that outcome, the USD/CHF next resistance would be the 50% FR at 0.8983, followed by the 0.9000 mark.
Conversely, the path of least resistance, according to oscillators like the Relative Strength Index (RSI) and the Rate of Change (RoC), If the USD/CHF drops below 0.8900 and beneath the 78.6% FR, would expose the YTD low at 0.8819.
Technical Levels: Supports and Resistances
USDCHF currently trading at 0.894 at the time of writing. Pair opened at 0.8919 and is trading with a change of 0.24 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 0.8940 |
| 1 | Today Daily Change | 0.0021 |
| 2 | Today Daily Change % | 0.2400 |
| 3 | Today daily open | 0.8919 |
The pair remains strongly bearish on the daily time frame. It trades below the 20 SMA @ 0.9042, 50 SMA 0.8985, 100 SMA @ 0.9112 and 200 SMA @ 0.9343.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 0.9042 |
| 1 | Daily SMA50 | 0.8985 |
| 2 | Daily SMA100 | 0.9112 |
| 3 | Daily SMA200 | 0.9343 |
The previous day high was 0.9056 while the previous day low was 0.8907. The daily 38.2% Fib levels comes at 0.8964, expected to provide resistance. Similarly, the daily 61.8% fib level is at 0.8999, expected to provide resistance.
Note the levels of interest below:
- Pivot support is noted at 0.8865, 0.8812, 0.8716
- Pivot resistance is noted at 0.9014, 0.911, 0.9163
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 0.9056 |
| Previous Daily Low | 0.8907 |
| Previous Weekly High | 0.9120 |
| Previous Weekly Low | 0.8984 |
| Previous Monthly High | 0.9148 |
| Previous Monthly Low | 0.8820 |
| Daily Fibonacci 38.2% | 0.8964 |
| Daily Fibonacci 61.8% | 0.8999 |
| Daily Pivot Point S1 | 0.8865 |
| Daily Pivot Point S2 | 0.8812 |
| Daily Pivot Point S3 | 0.8716 |
| Daily Pivot Point R1 | 0.9014 |
| Daily Pivot Point R2 | 0.9110 |
| Daily Pivot Point R3 | 0.9163 |
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