- Analytics
- News and Tools
- Market News
- USD/CHF Price Analysis: Bears running out of steam below 0.9700
USD/CHF Price Analysis: Bears running out of steam below 0.9700
- USD/CHF remains pressured around monthly low, retreats from daily top of late.
- Oversold RSI conditions, 50% Fibonacci retracement level challenge immediate downside.
- Key SMAs challenge recovery moves, ascending trend line from March offers an additional filter to the south.
USD/CHF struggles to stretch the week-start bear show despite the latest retreat from the daily high to 0.9560 heading into Tuesday’s European session.
That said, the Swiss currency (CHF) pair remains pressured around a one-month low, marked the previous day, but short-term key supports challenge the quote’s further downside.
It’s worth noting that the oversold RSI conditions join the 50% Fibonacci retracement (Fibo.) of March 31 to May 15 upside, near 0.9630, to restrict short-term USD/CHF declines.
Also challenging the pair bears is an upward sloping trend line from late March, close to 0.9615 at the latest.
Meanwhile, the 200-SMA and the latest swing high, respectively near 0.9685 and 0.9765, restrict the USD/CHF pair’s recovery moves.
Though, the convergence of the 100-SMA and 23.6% Fibo., around 0.9860-65, gains major attention.
USD/CHF: Four-hour chart
Trend: Corrective pullback expected
© 2000-2025. 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
