“¢ The pair extended its consolidative price action and remained confined in a narrow trading band around the 1.0050 region through the early European session on Thursday.
“¢ Given this week’s bullish break through the 1.0020 barrier, positive technical indicators on hourly/daily charts support prospects for an extension of the recent up-move.
“¢ However, the prevalent cautious mood across global financial markets, which tend to underpin the Swiss Franc’s safe-haven status kept a lid on any strong follow-through.
“¢ Nevertheless, the set-up remains tilted in favour of bullish traders and hence, a move towards conquering the 1.0100 supply zone, YTD swing higher, remains a distinct possibility.
USD/CHF 1-hourly chart
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USD/CHF
Overview:
Today Last Price: 1.0046
Today Daily change %: -0.01%
Today Daily Open: 1.0047
Trends:
Daily SMA20: 1.0023
Daily SMA50: 0.995
Daily SMA100: 0.9963
Daily SMA200: 0.9913
Levels:
Previous Daily High: 1.0057
Previous Daily Low: 1.0031
Previous Weekly High: 1.002
Previous Weekly Low: 0.9926
Previous Monthly High: 1.01
Previous Monthly Low: 0.9921
Daily Fibonacci 38.2%: 1.0047
Daily Fibonacci 61.8%: 1.0041
Daily Pivot Point S1: 1.0033
Daily Pivot Point S2: 1.0019
Daily Pivot Point S3: 1.0007
Daily Pivot Point R1: 1.0059
Daily Pivot Point R2: 1.0071
Daily Pivot Point R3: 1.0085
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