“¢ After yesterday’s late pull-back of around 45-pips, the pair regained positive traction and reclaimed the parity mark during the early European session on Tuesday.
“¢ The fact that technical indicators on hourly/daily charts have been gaining positive traction support prospects for an extension of the intraday positive momentum.
“¢ Traders, however, are likely to wait for a sustained break through the 1.0020 horizontal supply zone – coinciding with 100-hour SMA, before placing fresh bullish bets.
“¢ On the flip side, sustained weakness below 100-day SMA might negate any near-term bullish bias and pave the way for a drop back towards multi-week lows set last week.
USD/CHF 4-hourly chart
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USD/CHF
Overview:
Today Last Price: 1.001
Today Daily change: 24 pips
Today Daily change %: 0.24%
Today Daily Open: 0.9986
Trends:
Daily SMA20: 1.0019
Daily SMA50: 0.9944
Daily SMA100: 0.9961
Daily SMA200: 0.9912
Levels:
Previous Daily High: 1.0021
Previous Daily Low: 0.9977
Previous Weekly High: 1.002
Previous Weekly Low: 0.9926
Previous Monthly High: 1.01
Previous Monthly Low: 0.9921
Daily Fibonacci 38.2%: 1.0004
Daily Fibonacci 61.8%: 0.9994
Daily Pivot Point S1: 0.9968
Daily Pivot Point S2: 0.995
Daily Pivot Point S3: 0.9924
Daily Pivot Point R1: 1.0013
Daily Pivot Point R2: 1.0039
Daily Pivot Point R3: 1.0057
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