USD/CHF Technical Analysis: Break of 1.0025 drive buyers toward 1.0100
FXStreet News

USD/CHF Technical Analysis: Break of 1.0025 drive buyers toward 1.0100

  • 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:

       Today Last Price:  1.0052
       Today Daily change: 9  pips
       Today Daily change %:  0.09%
       Today Daily Open:  1.0043
       Daily SMA20:  1.0021
       Daily SMA50:  0.9948
       Daily SMA100:  0.9963
       Daily SMA200:  0.9912
       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


FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.