The USDCHF currency pair, currently trading at 0.87878, is struggling to break through the 50-day moving average at 0.8808, resulting in a decrease of 0.38% for the day.
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- USD/CHF grapples with the 50-DMA at 0.8808, marking a decline of 0.38% for the day.
The pair currently trades last at 0.87878.
The previous day high was 0.8828 while the previous day low was 0.8774. The daily 38.2% Fib levels comes at 0.8807, expected to provide resistance. Similarly, the daily 61.8% fib level is at 0.8794, expected to provide resistance.
USD/CHF clashes with the 50-day Moving Average (DMA) at 0.8808 and retraces, and prints a daily low of 0.8785 amid a choppy trading session as investors brace for the Jackson Hole Symposium, where the US Federal Reserve (Fed) Chair Jerome Powell remarks, are awaited. The USD/CHF is trading at 0.8788, down 0.38%.
The pair remains trending steadily to the upside, but the 50-DMA and its confluence with the 0.8800 figure, exacerbated a dip toward the 0.8780s region. If USD/CHF price action continues to register successive series of higher highs and lows, USD/CHF buyers could reclaim the 50-DMA in the near term and target the June 16 daily low turned resistance at 0.8901. A decisive break would expose the 0.9000 figure.
Conversely, if USD/CHF extends its losses and achieves a daily close below 0.8800, the USD/CHF would dive towards the 2014 swing low of 0.8699, followed by the year-to-date (YTD) low of 0.8552.
Technical Levels: Supports and Resistances
USDCHF currently trading at 0.8789 at the time of writing. Pair opened at 0.8823 and is trading with a change of -0.39 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 0.8789 |
| 1 | Today Daily Change | -0.0034 |
| 2 | Today Daily Change % | -0.3900 |
| 3 | Today daily open | 0.8823 |
The pair is trading above its 20 Daily moving average @ 0.8741, below its 50 Daily moving average @ 0.8816 , below its 100 Daily moving average @ 0.8903 and below its 200 Daily moving average @ 0.91
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 0.8741 |
| 1 | Daily SMA50 | 0.8816 |
| 2 | Daily SMA100 | 0.8903 |
| 3 | Daily SMA200 | 0.9100 |
The previous day high was 0.8828 while the previous day low was 0.8774. The daily 38.2% Fib levels comes at 0.8807, expected to provide resistance. Similarly, the daily 61.8% fib level is at 0.8794, expected to provide resistance.
Note the levels of interest below:
- Pivot support is noted at 0.8789, 0.8754, 0.8735
- Pivot resistance is noted at 0.8842, 0.8862, 0.8896
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 0.8828 |
| Previous Daily Low | 0.8774 |
| Previous Weekly High | 0.8828 |
| Previous Weekly Low | 0.8738 |
| Previous Monthly High | 0.9005 |
| Previous Monthly Low | 0.8552 |
| Daily Fibonacci 38.2% | 0.8807 |
| Daily Fibonacci 61.8% | 0.8794 |
| Daily Pivot Point S1 | 0.8789 |
| Daily Pivot Point S2 | 0.8754 |
| Daily Pivot Point S3 | 0.8735 |
| Daily Pivot Point R1 | 0.8842 |
| Daily Pivot Point R2 | 0.8862 |
| Daily Pivot Point R3 | 0.8896 |
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