Wednesday , January 20 2021
Home / SNB & CHF / USD/CHF Price Analysis: Dollar easing further from monthly tops, approaching 0.9600 figure vs. CHF

USD/CHF Price Analysis: Dollar easing further from monthly tops, approaching 0.9600 figure vs. CHF

Summary:
USD/CHF is trading down for the fourth consecutive day. The level to beat for bears is the 0.9600 support. USD/CHF daily chart USD/CHF is easing from the monthly highs as the spot drops below the main SMAs on the daily chart. The US dollar is down against most currencies this Thursday. USD/CHF daily chart - Click to enlarge USD/CHF four-hour chart The spot is pulling back down while nearing the 0.9600 figure below the 200 SMA on the four-hour chart. Bears could continue to extend the decline towards the 0.9550 and 0.9540 levels while the 0.9700 and 0.9800 figures could become resistance on bullish attempts. USD/CHF four-hour chart - Click to enlarge You Might Also Like USD/CHF Price Analysis:

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

This could be interesting, too:

Swiss National Bank writes 2021-01-08 – Swiss National Bank expects annual profit of around CHF 21 billion for 2020

Swissinfo writes Swiss franc shrugs off being put on the naughty step by US

George Dorgan writes Swiss balance of payments and international investment position: Q3 2020

FINMA: News writes Krankenzusatzversicherer: FINMA sieht umfassenden Handlungsbedarf bei Leistungsabrechnungen

  • USD/CHF is trading down for the fourth consecutive day.
  • The level to beat for bears is the 0.9600 support.

USD/CHF daily chart

USD/CHF is easing from the monthly highs as the spot drops below the main SMAs on the daily chart. The US dollar is down against most currencies this Thursday.

USD/CHF daily chart

USD/CHF Price Analysis: Dollar easing further from monthly tops, approaching 0.9600 figure vs. CHF

- Click to enlarge

USD/CHF four-hour chart

The spot is pulling back down while nearing the 0.9600 figure below the 200 SMA on the four-hour chart. Bears could continue to extend the decline towards the 0.9550 and 0.9540 levels while the 0.9700 and 0.9800 figures could become resistance on bullish attempts.

USD/CHF four-hour chart

USD/CHF Price Analysis: Dollar easing further from monthly tops, approaching 0.9600 figure vs. CHF

- Click to enlarge


Tags: ,

Leave a Reply

Your email address will not be published.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