USD/CHF Price Analysis: Grinds lower past 0.8970 resistance confluence
04.07.2023, 01:38

USD/CHF Price Analysis: Grinds lower past 0.8970 resistance confluence

  • USD/CHF takes offers to reverse the week-start gains, mildly offered of late.
  • Convergence of 100 and 200-EMA restricts immediate upside within three-week-old bullish channel.
  • Ascending support line from June 26 restricts immediate downside.

USD/CHF holds lower ground near 0.8960 as it reverses the week-start rebound amid a sluggish Asian session on Tuesday. In doing so, the Swiss Franc (CHF) pair remains pressured below a convergence of the 100 and 200 Exponential Moving Averages (EMA).

Adding strength to the downside bias are the bearish MACD signals and steady RSI (14) line.

However, a one-week-old rising support line, near 0.8945 by the press time, restricts the immediate downside of the USD/CHF pair.

Following that, the aforementioned three-week-old rising trend channel’s bottom line, close to 0.8920 at the latest, holds the key to the pair’s further downside.

In a case where the Swiss Franc pair defies the bullish chart formation by breaking the 0.8920 support, the previous monthly low of around 0.8910 may act as an extra filter toward the south before directing the USD/CHF bears to the yearly low marked in May ear 0.8820.

On the contrary, a clear upside break of the 100 and 200 EMAs, around 0.8970, could quickly propel the USD/CHF price to the 0.9000 psychological magnet. However, the aforementioned bullish channel’s top line, close to 0.9020 as we write, can prod the pair buyers afterward.

Overall, USD/CHF is likely to improve gradually but the short-term pullback can’t be ruled out.

USD/CHF: Hourly chart

Trend: Limited downside expected

 

© 2000-2025. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

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.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik