Thursday , May 13 2021
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:

Tyler Durden writes UBS Reportedly Re-Starts Layoffs After “Doubling” One Time Bonuses To Some Associates

Tyler Durden writes UBS, Desperate To Retain Talent, Now Offering ,000 Bonuses To Newly Promoted Associates

Tyler Durden writes Credit Suisse Hires Former Prime Brokerage Head To Restore Business After Archegos Blowup

Tyler Durden writes Gold Is Laughing At Powell

  • 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: ,
Flavio has been engaged in the financial market since 2011 with experience in stocks, currencies, commodities and cryptocurrencies among others. In 2015 he completed a postgraduate diploma in Financial Trading Analysis from the University of Essex in collaboration with FXStreet.

Leave a Reply

Your email address will not be published.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