Friday , June 18 2021
Home / SNB & CHF / USD/CHF Price Analysis: Extends run-up beyond 10-day SMA

USD/CHF Price Analysis: Extends run-up beyond 10-day SMA

Summary:
USD/CHF holds onto recovery gains from 23.6% Fibonacci retracement level. 50% of Fibonacci retracement, January month low on the bulls’ radars. Sellers can take entry below 0.9320. USD/CHF adds 0.22% to its previous recovery, currently crossing 10-day SMA, while trading near 0.9460 during the early Friday. The pair manages to remain positive beyond 23.6% Fibonacci retracement of its fall from November 2019. As a result, buyers can aim for further upside beyond a 38.2% Fibonacci retracement level of 0.9500. In doing so, 50% of Fibonacci retracement and January month’s low, respectively near 0.9600 and 0.9615, can please the bulls. During the pullback, 0.9320 can act as additional support below the 23.6% Fibonacci retracement level of 0.9378. However, a daily

Topics:
Anil Panchal considers the following as important: , , ,

This could be interesting, too:

Swiss National Bank writes SNB Monetary Policy Assessment June 2021

FINMA: News writes Aktualisierte Sanktionsmeldung

Mr. The Poor Swiss writes The role of the Swiss National Bank (SNB)

Fintechnews Switzerland writes FQX Secures .7M in Seed Funding Led By Earlybird Venture Capital and SIX Ventures

  • USD/CHF holds onto recovery gains from 23.6% Fibonacci retracement level.
  • 50% of Fibonacci retracement, January month low on the bulls’ radars.
  • Sellers can take entry below 0.9320.
USD/CHF adds 0.22% to its previous recovery, currently crossing 10-day SMA, while trading near 0.9460 during the early Friday. The pair manages to remain positive beyond 23.6% Fibonacci retracement of its fall from November 2019.

As a result, buyers can aim for further upside beyond a 38.2% Fibonacci retracement level of 0.9500.

In doing so, 50% of Fibonacci retracement and January month’s low, respectively near 0.9600 and 0.9615, can please the bulls.

During the pullback, 0.9320 can act as additional support below the 23.6% Fibonacci retracement level of 0.9378.

However, a daily closing below 0.9320 will make the quote vulnerable to extend the south-run towards 0.9000 mark.

USD/CHF daily chart

(see more posts on USD/CHF, )
USD/CHF Price Analysis: Extends run-up beyond 10-day SMA

- Click to enlarge

Trend: Further recovery expected


Tags: ,
Anil Panchal
Market Analyst, Happy-go-lucky guy, Connoisseur of good food and Believe in Spreading Happiness.

Leave a Reply

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