- Analytics
- News and Tools
- Market News
- USD/CHF Price Analysis: Further upside hinges on 0.9160 breakout
USD/CHF Price Analysis: Further upside hinges on 0.9160 breakout
- USD/CHF remains sidelined around intraday high, defends two-week-old resistance break.
- Firmer Momentum line, sustained trading beyond 200-HMA favor buyers.
- Fortnight-long descending resistance line guards immediate upside moves.
USD/CHF grinds higher around 0.9155, up 0.09% intraday heading into Tuesday’s European session.
In doing so, the Swiss currency (CHF) pair holds onto the previous day’s upside break of a two-week-long resistance break, now support around 0.9150.
Also keeping USD/CHF buyers hopeful is the pair’s successful trading above the 200-HMA and firmer Momentum line.
Even so, a descending resistance line from January 12, around 0.9160, restricts the quote’s nearby advances.
Should USD/CHF buyers manage to cross the 0.9160 hurdle, an upside momentum towards Thursday’s peak near 0.9180 can’t be ruled out.
On the contrary, a downside break of 0.9150 will drag the quote back to the 200-HMA level of 0.9141 but any further declines won’t hesitate to recall the USD/CHF bears.
Following that, the 0.9100 threshold and the monthly low of 0.9092 will be in focus ahead of November 2021 trough surrounding 0.9088.
USD/CHF: Hourly chart
Trend: Further upside expected
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
