USD/CHF Technical Analysis: Greenback bears might take over as 1.0068 resistance caps bullish advances

  • USD/CHF is trading in a bull trend above the 200-period simple moving average (SMA) on the 4-hour chart.
  • USD/CHF is testing the 50 SMA as the market is failing to print new highs above 1.0068 (July 13 high). The RSI, MACD and Stochastic indicators are all losing bullish momentum. 
  • Failure to recapture 1.0068 (July 13 high) might lead to a pullback to 1.0000 parity level. Alternatively, a break above 1.0068 should see a retest of 1.0100 current 2018 high. 

USD/CHF 4-hour chart


Main trend:                    Bullish

Resistance 1:                1.0068 July 13 high
Resistance 2:                1.0100 current 2018 high 
Resistance 3:                1.0160 March 2017 high
Resistance 4:                1.2000 figure

Support 1:                     1.0000 parity level
Support 2:                     0.9986 August high
Support 3:                     0.9950 figure
Support 4:                     0.9891 October 4 low
Support 5:                     0.9868 July 31 low


Additional key levels at a glance:

USD/CHF

Overview:
    Last Price: 1.0029
    Daily change: -14 pips
    Daily change: -0.139%
    Daily Open: 1.0043
Trends:
    Daily SMA20: 0.997
    Daily SMA50: 0.9826
    Daily SMA100: 0.9878
    Daily SMA200: 0.9763
Levels:
    Daily High: 1.007
    Daily Low: 1.0021
    Weekly High: 1.0096
    Weekly Low: 0.9967
    Monthly High: 1.0096
    Monthly Low: 0.9801
    Daily Fibonacci 38.2%: 1.0052
    Daily Fibonacci 61.8%: 1.004
    Daily Pivot Point S1: 1.0019
    Daily Pivot Point S2: 0.9995
    Daily Pivot Point S3: 0.997
    Daily Pivot Point R1: 1.0069
    Daily Pivot Point R2: 1.0094
    Daily Pivot Point R3: 1.0118

 

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