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  • USD/CHF in taking bids near 1.0055 on the early Wednesday.
  • On Tuesday, the pair successfully crossed 1.0020-25 resistance-region, comprising low marked on February 18 to the highs then after.
  • As a result, quote’s upside to 1.0090 and then to the February month high near 1.0100 could become buyers’ favorites during further upside.
  • In a case where prices keep rising past-1.0100, 61.8% Fibonacci expansion (FE) of January – February moves near 1.0160 could flash on Bulls’ radar.
  • Should the pair slips under 1.0020, an upward sloping support-line at 1.0000 becomes important to watch as a break of which can recall 0.9980 and 0.9950 on the chart.
  • Additionally, pair’s sustained downturn beneath 0.9950 might not hesitate to visit 50% Fibonacci retracement level at 0.9900.

USD/CHF 4-Hour chart

Additional important levels:

Overview:
       Today Last Price:  1.0052
       Today Daily change: 9  pips
       Today Daily change %:  0.09%
       Today Daily Open:  1.0043
Trends:
       Daily SMA20:  1.0021
       Daily SMA50:  0.9948
       Daily SMA100:  0.9963
       Daily SMA200:  0.9912
Levels:
       Previous Daily High:  1.0056
       Previous Daily Low:  0.9983
       Previous Weekly High:  1.002
       Previous Weekly Low:  0.9926
       Previous Monthly High:  1.01
       Previous Monthly Low:  0.9921
       Daily Fibonacci 38.2%:  1.0028
       Daily Fibonacci 61.8%:  1.0011
       Daily Pivot Point S1:  0.9999
       Daily Pivot Point S2:  0.9954
       Daily Pivot Point S3:  0.9926
       Daily Pivot Point R1:  1.0072
       Daily Pivot Point R2:  1.01
       Daily Pivot Point R3:  1.0145