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USD/CHF Technical Analysis: US Dollar bulls driving the market to daily highs ahead of Fed’s Powell speech

USD/CHF Daily chart

  • USD/CHF is trading in a sideways trend below the 50, 100 and 200-period simple moving average (SMA).
  • Fed’s Powell is speaking at 17.00 GMT and it can have a strong impact on the currency markets.

USD/CHF 4-hour chart

  • USD/CHF is having a reversal up as it is trading below its main SMAs.

USD/CHF 30-minute chart

  • USD bulls are gaining ground as they reclaimed the 50 and 100 SMA. 
  • The next hurdle to overcome is 0.9820 which would open the doors to 0.9880 target.
  • To the downside 0.9700 is seen as support.

Additional key levels


    Today Last Price: 0.9794
    Today Daily change: 60 pips
    Today Daily change %: 0.616%
    Today Daily Open: 0.9734
    Previous Daily SMA20: 0.988
    Previous Daily SMA50: 0.9946
    Previous Daily SMA100: 0.988
    Previous Daily SMA200: 0.9886
    Previous Daily High: 0.9821
    Previous Daily Low: 0.9732
    Previous Weekly High: 0.9921
    Previous Weekly Low: 0.9796
    Previous Monthly High: 1.0009
    Previous Monthly Low: 0.979
    Previous Daily Fibonacci 38.2%: 0.9766
    Previous Daily Fibonacci 61.8%: 0.9787
    Previous Daily Pivot Point S1: 0.9704
    Previous Daily Pivot Point S2: 0.9674
    Previous Daily Pivot Point S3: 0.9616
    Previous Daily Pivot Point R1: 0.9793
    Previous Daily Pivot Point R2: 0.9851
    Previous Daily Pivot Point R3: 0.9881


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