“¢ The pair extended last week’s rejection slide from the vicinity of the parity mark and a subsequent breakthrough 200-hour SMA, falling to over one-week lows in the last hour.
-636842600166323890.png)
“¢ Bulls, however, showed some resilience ahead of the very important 200-day day SMA, or the 0.9900 handle, with the pair quickly recovering around 20-pips from session low.
“¢ Technical indicators on the daily chart had just started gaining traction but hold in the bearish territory on hourly charts, suggesting indecision over the pair’s intraday move.
-636842600466171043.png)
“¢ Hence, it would be prudent to wait for a convincing breakthrough the mentioned range (1.0000-0.9900) before positioning for the pair’s next leg of a directional move.
USD/CHF
Overview:
Today Last Price: 0.9928
Today Daily change %: 0.04%
Today Daily Open: 0.9924
Trends:
Daily SMA20: 0.988
Daily SMA50: 0.9914
Daily SMA100: 0.9901
Daily SMA200: 0.9904
Levels:
Previous Daily High: 0.9976
Previous Daily Low: 0.9922
Previous Weekly High: 0.9991
Previous Weekly Low: 0.9922
Previous Monthly High: 1.0009
Previous Monthly Low: 0.979
Daily Fibonacci 38.2%: 0.9942
Daily Fibonacci 61.8%: 0.9955
Daily Pivot Point S1: 0.9906
Daily Pivot Point S2: 0.9887
Daily Pivot Point S3: 0.9852
Daily Pivot Point R1: 0.9959
Daily Pivot Point R2: 0.9994
Daily Pivot Point R3: 1.0013
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