Home USD/CHF Technical Analysis: Greenback is set to revisit 0.9920 – FOMC minutes eyed
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USD/CHF Technical Analysis: Greenback is set to revisit 0.9920 – FOMC minutes eyed

USD/CHF daily chart

  • USD/CHF is trading in a bull trend below the 200-day simple moving average (SMA)
  • USD/CHF found some support above the 50 SMA as technical indicators are in bearish territories
  • The FOMC minutes scheduled at 19.00 GMT can lead to extreme volatility in the forex market.

USD/CHF 4-hour chart

  • USD/CHF is finding resistance at the 50 SMA while the market strongly broke below the 200 SMA.
  • Technical indicators are neutral to bearish.

USD/CHF 30-minute chart

  • USD/CHF printed a 5-wave pattern which can send the pair down to 0.9920.
  • USD/CHF found resistance at the 100 and 200 SMA.  

Additional key levels

USD/CHF

Overview:
       Today Last Price:  0.996
       Today Daily change:  25  pips
       Today Daily change %:  0.252%
       Today Daily Open:  0.9935
Trends:
       Previous Daily SMA20:  1.0011
       Previous Daily SMA50:  0.9932
       Previous Daily SMA100:  0.9892
       Previous Daily SMA200:  0.982
Levels:
       Previous Daily High:  1.0006
       Previous Daily Low:  0.9925
       Previous Weekly High:  1.0012
       Previous Weekly Low:  0.9908
       Previous Monthly High:  1.0096
       Previous Monthly Low:  0.9801
       Previous Daily Fibonacci 38.2%:  0.9956
       Previous Daily Fibonacci 61.8%:  0.9975
       Previous Daily Pivot Point S1:  0.9905
       Previous Daily Pivot Point S2:  0.9874
       Previous Daily Pivot Point S3:  0.9823
       Previous Daily Pivot Point R1:  0.9986
       Previous Daily Pivot Point R2:  1.0036
       Previous Daily Pivot Point R3:  1.0067

 

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