Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

USD/CHF Defies Tensions, Mounts Sharp Recovery

USDCHF recovered sharply despite rising Middle East tension. It hit an intraday low of 0.80561 and is currently trading around 0.81305. Intraday bias appears to be bullish as long as the support 0.8090 holds. 

Technical Analysis Points to Further Upside

The pair is trading below the   55-EMA, below  200 EMA and 365 EMA on the 1-hour chart indicating a mixed trend. The immediate resistance is at  0.8150 any break above targets is 0.8180/0.8200/0.8250.

Support Levels and Potential Declines

On the downside, near-term support is around 0.8090, any violation below will drag the pair to 0.8000.

Indicators (1-Hour)

CCI (50) - Bearish
Directional movement Index -  Neutral

Trading Strategy Recommendation

It is good to buy on dips around 0.81000 with a stop-loss at 0.8050 for a TP of 0.82400.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  • Market Data
Close

Welcome to EconoTimes

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