- USD/CHF retraced a number of the final week’s positive factors after struggling on the 50-day EMA.
- USD/CHF Price Analysis: It remains to be neutral-to-downward biased, but it surely may improve as soon as 0.9300 is reclaimed.
The USD/CHF is subdued amidst a skinny liquidity buying and selling session sponsored by a vacation within the United States (US), with merchants having fun with a protracted weekend within the commentary of President’s Day. At the time of writing, the USD/CHF is buying and selling at 0.9230, beneath its opening worth by 0.12%.
From a each day chart perspective, the USD/CHF stays impartial to downward biased. On Friday, the USD/CHF reached a brand new multi-week excessive however reversed its course and completed with losses of 0.12%. The bearish continuation prolonged right this moment, although it was capped by the 20-day Exponential Moving Average (EMA) at 0.9223.
For a bearish resumption, the USD/CHF should clear the 20-day EMA, adopted by the psychological 0.9200 mark. A breach of the latter will expose the February 9 swing low at 0.9160, adopted by the February 14 each day low of 0.9135, forward of the 0.9100 psychological stage.
Conversely, the USD/CHF first resistance can be the 50-day EMA At 0.9279, adopted by the 0.9300 determine. A decisive break and the consumers may ship the USD/CHF aiming in direction of the 100-day EMA At 0.9388, forward of the 0.9400 mark.
USD/CHF Daily chart
USD/CHF Key technical ranges
