DailyFX.com -

To receive Ilya's analysis directly via email, please SIGN UP HERE

Talking Points:

  • USD/CHF Technical Strategy: Flat
  • Support: 9022, 0.8983, 0.8934
  • Resistance: 0.9061, 0.9110, 0.9189

The US Dollar paused to digest recent gains against the Swiss Franc after pushing to the highest level in nearly six months. Buyers are testing resistance at 0.9061, the 61.8% Fibonacci expansion. A daily close above that exposes the 76.4% level at 0.9110. Alternatively, a reversal below the 50% Fib at 0.9022 clears the way for a challenge of the 38.2% expansion at 0.8983.

The available trading range is too narrow to justify a trade on the long or short side from a risk/reward perspective. We will continue to stand aside for now, waiting for an actionable trade setup to emerge.

Add these technical levels directly to your charts with our Support/Resistance Wizard app!

USD/CHF Technical Analysis: Rally Pauses to Digest Gains

Daily Chart - Created Using FXCM Marketscope 2.0

You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    USD/CHF falls for the second day in a row

  2. Forex News

    Euro Faces Weekend Gap Risk with Greek Referendum Sunday

  3. Forex News

    USD/CHF sitting flat right now

  4. Forex News

    USD/CHF might make an attempt towards 0.9529/43 – Commerzbank

  5. Forex News

    USD/CHF Technical Analysis: Range Top Sub-0.96 Eyed

Trading Center
×

You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!