USD/CHF Price Analysis: Hovers above the support level at 0.8500 amid tepid momentum
11.01.2024, 08:21

USD/CHF Price Analysis: Hovers above the support level at 0.8500 amid tepid momentum

  • USD/CHF faces challenges as investors price in the Fed rate cuts.
  • MACD indicator suggests the subdued momentum in the pair.
  • A fall below the 0.8500 level could lead the pair to revisit the weekly low at 0.8460.

USD/CHF moves on a downward trajectory for the second successive day, trading near 0.8510 during the European hours on Thursday. The USD/CHF pair encounters difficulties as investors shift their focus away from the US Dollar (USD), possibly due to speculation about five interest rate cuts by the Federal Reserve (Fed) in 2024.

The technical indicator 14-day Relative Strength Index (RSI) suggests a bearish market sentiment for the USD/CHF pair as it is positioned below 50. Moreover, the Moving Average Convergence Divergence (MACD) line, though positioned below the centreline lies above the signal line. This suggests a subdued momentum in the EUR/USD pair. Market participants would likely exercise caution and await confirmation from the lagging indicator.

The USD/CHF pair could break below the psychological support at 0.8500 followed by the weekly low at 0.8460 and a major support level at 0.8450. A break below the latter could push the USD/CHF pair to navigate the region around the key level at 0.8400.

On the upside, the 23.6% Fibonacci retracement level at 0.8547 aligned with the 21-exponential Moving Average (EMA) at 0.8549 could act as the immediate resistance zone. A breakthrough above the zone could lead the USD/CHF pair to explore the psychological region around the 0.8600 level.

USD/CHF: Daily Chart

 

© 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