“¢ The pair’s recent recovery move from over three-month tops struggled to make it through the parity mark, though bulls have managed to defend the very important 200-day SMA support.
“¢ Technical indicators on the 1-hourly chart have been gaining negative momentum after dovish FOMC and now seemed to support prospects for an extension of the overnight rejection slide.
“¢ However, neutral oscillators on 4-hourly/daily charts haven’t been supportive of a firm directional bias and help limit further downside ahead of Friday’s keenly watched US monthly jobs report.
“¢ Hence, it would be prudent to wait for a sustained break either below the mentioned support or through the parity mark before traders start positioning for the pair’s next leg of a directional move.
USD/CHF daily chart
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USD/CHF
Overview:
Today Last Price: 0.9927
Today Daily change %: -0.15%
Today Daily Open: 0.9942
Trends:
Daily SMA20: 0.9893
Daily SMA50: 0.9913
Daily SMA100: 0.9907
Daily SMA200: 0.9906
Levels:
Previous Daily High: 0.9996
Previous Daily Low: 0.9931
Previous Weekly High: 0.9991
Previous Weekly Low: 0.9922
Previous Monthly High: 1.0009
Previous Monthly Low: 0.979
Daily Fibonacci 38.2%: 0.9956
Daily Fibonacci 61.8%: 0.9971
Daily Pivot Point S1: 0.9917
Daily Pivot Point S2: 0.9891
Daily Pivot Point S3: 0.9852
Daily Pivot Point R1: 0.9982
Daily Pivot Point R2: 1.0021
Daily Pivot Point R3: 1.0047
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