Friday , April 3 2020
Home / SNB & CHF / USD/CHF Price Analysis: US dollar eases from 2020 highs, stabilizes near 0.9800 figure

USD/CHF Price Analysis: US dollar eases from 2020 highs, stabilizes near 0.9800 figure

Summary:
USD/CHF consolidates gains for the second consecutive day.  The level to beat for bulls is the 0.9900 resistance. The parity level might be on the bulls’ radar. USD/CHF daily chart USD/CHF is retreating slightly this Monday while the currency pair is consolidating gains for the second consecutive day above the main SMAs. The Fed extended its Quantitative Easing program with an initial reaction down on the US dollar which was relatively limited on USD/CHF and across the board. USD/CHF daily chart(see more posts on USD/CHF, ) - Click to enlarge USD/CHF four-hour chart The uptrend remains intact as the spot is trading above the main SMAs. Bulls are looking for a break above the 0.9900 figure for a potential run to the parity level (1.0000) followed by the

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

This could be interesting, too:

Flavio Tosti writes USD/CHF Price Analysis: US dollar bulls nearing 0.9700 handle vs. Swiss franc

FINMA: News writes FINMA-Aufsichtsmitteilung: Befristete Erleichterungen für Banken infolge der COVID-19-Krise

Haresh Menghani writes USD/CHF Price Analysis: Intraday positive move stalls near the 0.9590 confluence region

Cash writes Devisen: Eurokurs im US-Handel nur wenig bewegt – EUR/CHF knapp unter 1,06

  • USD/CHF consolidates gains for the second consecutive day. 
  • The level to beat for bulls is the 0.9900 resistance.
  • The parity level might be on the bulls’ radar.

USD/CHF daily chart

USD/CHF is retreating slightly this Monday while the currency pair is consolidating gains for the second consecutive day above the main SMAs. The Fed extended its Quantitative Easing program with an initial reaction down on the US dollar which was relatively limited on USD/CHF and across the board.

USD/CHF daily chart

(see more posts on USD/CHF, )
USD/CHF Price Analysis: US dollar eases from 2020 highs, stabilizes near 0.9800 figure

- Click to enlarge

USD/CHF four-hour chart

The uptrend remains intact as the spot is trading above the main SMAs. Bulls are looking for a break above the 0.9900 figure for a potential run to the parity level (1.0000) followed by the 1.0050 level on the way up. The market is expected to find support near 0.9800, 0.9750 and 0.9700 levels in the medium term.

USD/CHF four-hour chart

(see more posts on USD/CHF, )
USD/CHF Price Analysis: US dollar eases from 2020 highs, stabilizes near 0.9800 figure

- Click to enlarge


Tags: ,

Leave a Reply

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