Home USD/CHF Technical Analysis: US Dollar bulls driving the market to daily highs ahead of Fed’s Powell speech
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USD/CHF Technical Analysis: US Dollar bulls driving the market to daily highs ahead of Fed’s Powell speech

USD/CHF Daily chart

  • USD/CHF is trading in a sideways trend below the 50, 100 and 200-period simple moving average (SMA).
  • Fed’s Powell is speaking at 17.00 GMT and it can have a strong impact on the currency markets.

USD/CHF 4-hour chart

  • USD/CHF is having a reversal up as it is trading below its main SMAs.

USD/CHF 30-minute chart

  • USD bulls are gaining ground as they reclaimed the 50 and 100 SMA.  
  • The next hurdle to overcome is 0.9820 which would open the doors to 0.9880 target.
  • To the downside 0.9700 is seen as support.

Additional key levels

USD/CHF

Overview:
       Today Last Price:  0.9794
       Today Daily change:  60  pips
       Today Daily change %:  0.616%
       Today Daily Open:  0.9734
Trends:
       Previous Daily SMA20:  0.988
       Previous Daily SMA50:  0.9946
       Previous Daily SMA100:  0.988
       Previous Daily SMA200:  0.9886
Levels:
       Previous Daily High:  0.9821
       Previous Daily Low:  0.9732
       Previous Weekly High:  0.9921
       Previous Weekly Low:  0.9796
       Previous Monthly High:  1.0009
       Previous Monthly Low:  0.979
       Previous Daily Fibonacci 38.2%:  0.9766
       Previous Daily Fibonacci 61.8%:  0.9787
       Previous Daily Pivot Point S1:  0.9704
       Previous Daily Pivot Point S2:  0.9674
       Previous Daily Pivot Point S3:  0.9616
       Previous Daily Pivot Point R1:  0.9793
       Previous Daily Pivot Point R2:  0.9851
       Previous Daily Pivot Point R3:  0.9881

 

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