News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View more
Forex: USD/CHF Technical Analysis – Ready to Turn Higher?

Forex: USD/CHF Technical Analysis – Ready to Turn Higher?

Ilya Spivak, Head Strategist, APAC

To receive Ilya's analysis directly via email, please SIGN UP HERE

Talking Points:

  • USD/CHF Technical Strategy: Flat
  • Support: 0.8776-50 (Feb 28 low, 38.2% Fib exp.), 0.8705 (50% Fib exp.)
  • Resistance: 0.8855 (trend line)

The US Dollar may be preparing to launch a recovery against the Swiss Franc as prices show a Doji candle at support marked by the February 28 low at 0.8776. This barrier is reinforced by the 38.2% Fibonacci expansion at 0.8750. Positive RSI divergence bolsters the case for an upside scenario. A bounce sees near-term resistance is at a falling trend line set from late January, now at 0.8855. Alternatively, a break below 0.8750 eyes the 50% level at 0.8705.

A Doji candle on its own points to indecision but falls short of offering a concrete upward reversal signal. With that in mind, we will stand side for now until an actionable setup presents.

Confirm your chart-based trade setups with the Technical Analyzer. New to FX? Start Here!

dailyclassics_usd-chf_body_Picture_5.png, Forex: USD/CHF Technical Analysis – Ready to Turn Higher?

Daily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.