Thursday , April 9 2020
Home / SNB & CHF / USD/CHF Price Analysis: Dollar bouncing after falling to three-week’s lows, trades above 0.9700 figure

USD/CHF Price Analysis: Dollar bouncing after falling to three-week’s lows, trades above 0.9700 figure

Summary:
USD/CHF is bouncing from daily lows while nearing the 0.9730 resistance. As the bounce can be short-lived, the level to beat for sellers remains the 0.9680 level USD/CHF daily chart USD/CHF is trading below the main daily simple moving averages suggesting an overall bearish bias in the long term. The spot is just below the 50 SMA. USD/CHF daily chart(see more posts on USD/CHF, ) - Click to enlarge USD/CHF four-hour chart As expected the spot reached the 0.9680 level from which it is now having a rebound. Bears remain in control as USD/CHF trades below the main SMAs. A break below the 0.9680 support can lead to further losses towards the 0.9630 level. Resistance is seen near 0.9730 and 0.9770 levels. Resistance: 0.9730, 0.9770, 0.9800 Support: 0.9710, 0.9680,

Topics:
Flavio Tosti considers the following as important: , , ,

This could be interesting, too:

Marc Meyer writes Negativzinsen verursachen steigende Hypo-Zinsen – erst Recht zur „Corona-Unzeit“

Swissinfo writes Emergency funding made available for artists and designers

Win Thin writes Restricted Market Trading Comments

Frank Shostak writes Creating More Money Won’t Revive the Economy

  • USD/CHF is bouncing from daily lows while nearing the 0.9730 resistance.
  • As the bounce can be short-lived, the level to beat for sellers remains the 0.9680 level

USD/CHF daily chart

USD/CHF is trading below the main daily simple moving averages suggesting an overall bearish bias in the long term. The spot is just below the 50 SMA.

USD/CHF daily chart

(see more posts on USD/CHF, )
USD/CHF Price Analysis: Dollar bouncing after falling to three-week’s lows, trades above 0.9700 figure

- Click to enlarge

USD/CHF four-hour chart

As expected the spot reached the 0.9680 level from which it is now having a rebound. Bears remain in control as USD/CHF trades below the main SMAs. A break below the 0.9680 support can lead to further losses towards the 0.9630 level. Resistance is seen near 0.9730 and 0.9770 levels.

Resistance: 0.9730, 0.9770, 0.9800

Support: 0.9710, 0.9680, 0.9630

USD/CHF four-hour chart

(see more posts on USD/CHF, )
USD/CHF Price Analysis: Dollar bouncing after falling to three-week’s lows, trades above 0.9700 figure

- Click to enlarge


Tags: ,

Leave a Reply

Your email address will not be published. Required fields are marked *