The USDCHF currency pair is currently trading at 0.8963, which is slightly below the important 0.9000 level. This comes after a 4.50% increase from its lowest point this year.
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- USD/CHF trades at 0.8963, just shy of the key 0.9000 level, after gaining 4.50% from its year-to-date low.
The pair currently trades last at 0.89710.
The previous day high was 0.8971 while the previous day low was 0.8915. The daily 38.2% Fib levels comes at 0.8949, expected to provide support. Similarly, the daily 61.8% fib level is at 0.8936, expected to provide support.
The USD/CHF extended its gains in the week to five consecutive days and printed a new two-month high at 0.8977, yet it remains shy of reclaiming the 0.9000 figure. Nevertheless, the pair is set to continue its uptrend and challenge the 200-day Moving Average (DMA() at 0.9039 once buyers reclaim 0.9000. At the time of writing, the major is trading at 0.8963 after hitting a daily low of 0.8944.
The daily chart portrays the pair’s recovery after printing a new year-to-date (YTD) low of 0.8552. Since then, the USD/CHF has achieved gains of 4.50% as buyers stepped in and lifted the exchange rate to current levels. Even though buyers reclaimed the 50-DMA at 0.8774, they remain shy of remaining in charge unless they reclaim the psychological 0.9000 figure, followed by the 200-DMA at 0.9039. Once those areas are cleared, the next test would be the May 31 high at 0.9147.
Conversely, if the USD/CHF drops below the September 14 daily low of 0.8914, that would exacerbate a challenge of the 0.8900 mark. A breach of the latter, and the pair could aim toward the current week’s low of 0.8893, followed by the 50-DMA at 0.8774.
Technical Levels: Supports and Resistances
USDCHF currently trading at 0.8962 at the time of writing. Pair opened at 0.8956 and is trading with a change of 0.07 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 0.8962 |
| 1 | Today Daily Change | 0.0006 |
| 2 | Today Daily Change % | 0.0700 |
| 3 | Today daily open | 0.8956 |
The pair is trading above its 20 Daily moving average @ 0.886, above its 50 Daily moving average @ 0.8774 , above its 100 Daily moving average @ 0.888 and below its 200 Daily moving average @ 0.9044
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 0.8860 |
| 1 | Daily SMA50 | 0.8774 |
| 2 | Daily SMA100 | 0.8880 |
| 3 | Daily SMA200 | 0.9044 |
The previous day high was 0.8971 while the previous day low was 0.8915. The daily 38.2% Fib levels comes at 0.8949, expected to provide support. Similarly, the daily 61.8% fib level is at 0.8936, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 0.8924, 0.8891, 0.8868
- Pivot resistance is noted at 0.898, 0.9003, 0.9036
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 0.8971 |
| Previous Daily Low | 0.8915 |
| Previous Weekly High | 0.8945 |
| Previous Weekly Low | 0.8833 |
| Previous Monthly High | 0.8876 |
| Previous Monthly Low | 0.8690 |
| Daily Fibonacci 38.2% | 0.8949 |
| Daily Fibonacci 61.8% | 0.8936 |
| Daily Pivot Point S1 | 0.8924 |
| Daily Pivot Point S2 | 0.8891 |
| Daily Pivot Point S3 | 0.8868 |
| Daily Pivot Point R1 | 0.8980 |
| Daily Pivot Point R2 | 0.9003 |
| Daily Pivot Point R3 | 0.9036 |
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