USD/CHF Technical Analysis: 0.9950 bear target hit as the Greenback is en route towards 0.9880 against CHF

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USD/CHF daily chart 

  • USD/CHF is in a bull leg above the main simple moving averages (SMAs).
  • As discussed, failure to recapture the parity level lead to a decline to the 0.9950 level.

USD/CHF 4-hour chart

  • USD/CHF is trading above the main SMAs as the market is rejecting the parity level.

USD/CHF 30-minute chart

  • As bears broke below the 0.9950 level and the 200 SMA the next targets become 0.9920 and 0.9880 to the downside. 
  • The 0.9950 level become resistance.

Additional key levels

USD/CHF

Overview:
    Today Last Price: 0.9944
    Today Daily change: -32 pips
    Today Daily change %: -0.32%
    Today Daily Open: 0.9976
Trends:
    Daily SMA20: 0.9871
    Daily SMA50: 0.992
    Daily SMA100: 0.9893
    Daily SMA200: 0.99
Levels:
    Previous Daily High: 0.9987
    Previous Daily Low: 0.9961
    Previous Weekly High: 0.996
    Previous Weekly Low: 0.9799
    Previous Monthly High: 1.0009
    Previous Monthly Low: 0.979
    Daily Fibonacci 38.2%: 0.9977
    Daily Fibonacci 61.8%: 0.9971
    Daily Pivot Point S1: 0.9962
    Daily Pivot Point S2: 0.9949
    Daily Pivot Point S3: 0.9936
    Daily Pivot Point R1: 0.9988
    Daily Pivot Point R2: 1.0001
    Daily Pivot Point R3: 1.0014

 

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