The USDCHF pair at 0.90720 is moving in a bullish direction, concluding the week with an increase of more than 1% in value.
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- USD/CHF is on a bullish trajectory, ending the week with over 1% gains,
The pair currently trades last at 0.90720.
The previous day high was 0.9078 while the previous day low was 0.8983. The daily 38.2% Fib levels comes at 0.9042, expected to provide support. Similarly, the daily 61.8% fib level is at 0.9019, expected to provide support.
USD/CHF is set to end the week with decent gains of more than 1%, while breaking above the 200-day moving average (DMA), which could open the door for further upside, with buyers eyeing a new cycle high. Therefore, the pair is trading at 0.9071, edges up 0.30% late in the New York session.
The daily chart portrays the pair extending its gain past the 0.9032 (200-DMA), and puts a challenge of the 0.9100 figure into play. A breach of the latter will expose the May 31 cycle high at 0.9147, which, if cleared, the USD/CHF could rally back to the March 16 daily high at 0.9340.
Conversely, sellers would face the 200-DMA and the 0.9000 mark. Those two levels hurdled, and the USD/CHF would dive and test the September 20 daily low of 0.8931 before testing the 0.8900 figure.
Technical Levels: Supports and Resistances
USDCHF currently trading at 0.907 at the time of writing. Pair opened at 0.9045 and is trading with a change of 0.28 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 0.9070 |
| 1 | Today Daily Change | 0.0025 |
| 2 | Today Daily Change % | 0.2800 |
| 3 | Today daily open | 0.9045 |
The pair remains strongly bullish on the daily timeframe. It trades above its 20 SMA @ 0.8906, 50 SMA 0.8797, 100 SMA @ 0.8884 and 200 SMA @ 0.9036.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 0.8906 |
| 1 | Daily SMA50 | 0.8797 |
| 2 | Daily SMA100 | 0.8884 |
| 3 | Daily SMA200 | 0.9036 |
The previous day high was 0.9078 while the previous day low was 0.8983. The daily 38.2% Fib levels comes at 0.9042, expected to provide support. Similarly, the daily 61.8% fib level is at 0.9019, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 0.8992, 0.894, 0.8897
- Pivot resistance is noted at 0.9088, 0.9131, 0.9184
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 0.9078 |
| Previous Daily Low | 0.8983 |
| Previous Weekly High | 0.8978 |
| Previous Weekly Low | 0.8897 |
| Previous Monthly High | 0.8876 |
| Previous Monthly Low | 0.8690 |
| Daily Fibonacci 38.2% | 0.9042 |
| Daily Fibonacci 61.8% | 0.9019 |
| Daily Pivot Point S1 | 0.8992 |
| Daily Pivot Point S2 | 0.8940 |
| Daily Pivot Point S3 | 0.8897 |
| Daily Pivot Point R1 | 0.9088 |
| Daily Pivot Point R2 | 0.9131 |
| Daily Pivot Point R3 | 0.9184 |
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