The USD/CHF extended its losses for two straight days and is down some 0.16%, courtesy of broad US Dollar weakness, undermined by lower US Treasury yields. The major trades at 0.9064 after hitting a high shy of 0.9100.
The daily chart depicts the USD/CHF as neutral to upward biased, despite buyers losing momentum, as shown by the Relative Strength Index (RSI) shifting bearish. Although the pair has lost some 1.80% after hitting a year-to-date (YTD) high of 0.9224, solid support seen at the confluence of the 50-day moving average and a support trendline at around 0.9006/30 might cap the pair’s drop.
Looking at the potential for a bullish continuation, the USD/CHF could see a positive turn if it manages to climb above 0.9100. Once this level is breached, the next immediate resistance level to watch out for would be May 2 high at 0.9174, with a further test at 0.9200.
On the other hand, if bears push prices below 0.9000, that will confirm the ‘evening star’ chart pattern and exacerbate a drop toward the 200-DMA at 0.8887, ahead of the 100-DMA at 0.8829.
Overview | |
---|---|
Today last price | 0.906 |
Today Daily Change | -0.0020 |
Today Daily Change % | -0.22 |
Today daily open | 0.908 |
Trends | |
---|---|
Daily SMA20 | 0.9116 |
Daily SMA50 | 0.9003 |
Daily SMA100 | 0.8824 |
Daily SMA200 | 0.8863 |
Levels | |
---|---|
Previous Daily High | 0.9096 |
Previous Daily Low | 0.9074 |
Previous Weekly High | 0.9225 |
Previous Weekly Low | 0.9006 |
Previous Monthly High | 0.9195 |
Previous Monthly Low | 0.8998 |
Daily Fibonacci 38.2% | 0.9082 |
Daily Fibonacci 61.8% | 0.9087 |
Daily Pivot Point S1 | 0.907 |
Daily Pivot Point S2 | 0.9061 |
Daily Pivot Point S3 | 0.9048 |
Daily Pivot Point R1 | 0.9093 |
Daily Pivot Point R2 | 0.9106 |
Daily Pivot Point R3 | 0.9116 |
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