Home USD/CHF Technical Analysis: U-turn from 1.0070 push buyers to aim for 1.0110
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USD/CHF Technical Analysis: U-turn from 1.0070 push buyers to aim for 1.0110

  • USD/CHF is on bids around 1.0080 during early Wednesday.
  • The pair took a U-turn from 1.0070, which in turn highlights the importance of 1.0090 and a downward sloping trend-line, at 1.0110.
  • Given the pair’s ability to cross 1.0110, 1.0125 and 61.8% Fibonacci expansion of its three-week move, near 1.0155 could lure the bulls.
  • Should prices again slid under 1.0070, 1.0055 can offer nearby support, a break of which may divert sellers to 1.0030.
  • In case Bears refrain from respecting 1.0030, 1.0015, 1.0000 and 0.9960 are likely following levels to flash on their radar to target.

USD/CHF hourly chart

Additional important levels:

Overview:
       Today Last Price:  1.0075
       Today Daily change:  -3  pips
       Today Daily change %:  -0.03%
       Today Daily Open:  1.0078
Trends:
       Daily SMA20:  1.0036
       Daily SMA50:  0.997
       Daily SMA100:  0.9969
       Daily SMA200:  0.9918
Levels:
       Previous Daily High:  1.0112
       Previous Daily Low:  1.0063
       Previous Weekly High:  1.0125
       Previous Weekly Low:  0.9977
       Previous Monthly High:  1.01
       Previous Monthly Low:  0.9921
       Daily Fibonacci 38.2%:  1.0082
       Daily Fibonacci 61.8%:  1.0093
       Daily Pivot Point S1:  1.0057
       Daily Pivot Point S2:  1.0035
       Daily Pivot Point S3:  1.0008
       Daily Pivot Point R1:  1.0106
       Daily Pivot Point R2:  1.0133
       Daily Pivot Point R3:  1.0155

 

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