USD/CHF technical analysis: 0.9900 is the level to beat for buyers

Summary:
USD/CHF seesaws around late-Friday tops. 100-HMA, Friday’s high will restrict the latest pullback. September month low can please sellers during the declines. Failure to extend the latest recovery seems to portray the USD/CHF pair’s weakness as it trades around 0.9870 amid pre-European session on Tuesday. The pair trades below 100-Hour Simple Moving Average (HMA) and Friday’s high, around 0.9900, which holds the key to pair’s further recovery towards a 200-HMA level of 0.9930 and 0.9960 numbers to the north. However, 1.0000 psychological magnet will continue restricting pair’s near-term upside. On the contrary, a downside break below Friday’s low of 0.9837 can recall September month bottom, around 0.9800, prior to diverting bears towards 0.9800. USD/CHF hourly

Topics:
Anil Panchal considers the following as important: 1) SNB and CHF, 1.) FXStreet on SNB&CHF, Featured, newsletter, USD/CHF

This could be interesting, too:

Mark Thornton writes The Great Chocolate Crisis of 2024

Mustafa Ekin Turan writes How EU Law Has Made the Internet Less Free for Everyone Else

Thomas J. DiLorenzo writes Attention mises.org Readers! Treat the Students in Your Life to The Best Week of Their Year

Octavio Bermudez writes Mises in Argentina: Lessons of the Past for Today