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