Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro- USDCHF Daily Outlook

Intraday trend – Bullish

 

Significant intraday resistance – 0.9325

 

The pair gained more than 150 pips this week due to strength in the US dollar. The escalation of Russia and Ukraine has increased demand for safe-haven assets like the US dollar. The minor pullback in the US treasury also supported the pair at lower levels. USDCHF hits a high of 0.93207 at the time of writing and is currently trading around 0.93162.

 

Bullish scenario-

The primary levels to Watch – 0.93250. Any convincing surge above confirms intraday bullishness. A jump to 0.9341/0.9380/0.9435/0.9500 is possible.

 

Bearish scenario-

Intraday support – 0.92450.  Break below that level will take the pair to 0.9170/0.9090/0.9050.

Indicators (4-Hour chart)

 

Directional movement index – Bullish

 

CCI (50) - Bullish

 

It is good to buy on dips around 0.93150 with SL around 0.92750 for a TP of 0.9400.

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.