DailyFX.com -

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

Talking Points:

  • USD/CHF Technical Strategy: Flat
  • Support:0.9061, 0. 9022, 0.8983
  • Resistance: 0.9110, 0.9189, 0.9268

The US Dollar continues to push higher against the Swiss Franc, with prices overcoming June’s swing high to hit the highest level in close to six months. A daily close above resistance at 0.9110, the 76.4% Fibonacci expansion, exposes the 100% level at 0.9189. Alternatively, a turn below the 61.8% Fib at 0.9061 opens the door for a test of the 50% expansion at 0.9022.

We are tactically opting to stand aside for now because we already hold long USD exposure against the Euro and the Canadian Dollar. As such, we think it best not to over-commit as heavy-duty US event risk continues cross the wires through the week-end.

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

USD/CHF Technical Analysis: Resistance Above 0.91 in Focus

Daily Chart - Created Using FXCM Marketscope 2.0

You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    USD/CHF: Reluctant to sustain break higher – Commerzbank

  2. Forex News

    USD/CHF Technical Analysis: Retracing After Sharp Decline

  3. Forex News

    USD/CHF Holds Key .9250 Level

  4. Forex News

    US Dollar May Break to Further Lows if it Fails at Key Support

  5. Forex News

    USD/CHF climbs above 0.9330 amid new talks

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!