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
USD/CHF Technical Analysis – Attempting to Build Upward

USD/CHF Technical Analysis – Attempting to Build Upward

Ilya Spivak, Head Strategist, APAC

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

Talking Points:

  • USD/CHF Technical Strategy: Pending Long
  • Support:0.8862-9, 0.8830, 0.8781
  • Resistance: 0.8908, 0.8957, 0.9000

The US Dollar is attempting to launch a recovery against the Swiss Franc after retesting trend line resistance-turned-support set from November 2013. Near-term resistance is at 0.8908, the 38.2% Fibonacci retracement, with a daily close above that exposing the 23.6% level at 0.8957. Alternatively, a break below the 0.8862-9 area – marked by the trend lien and the 50% Fib – clears the way for a test of the 61.8% retracement at 0.8830.

While we have waited for the pullback from June’s swing high to yield a buying opportunity on a retest of the trend line, doing so here seems premature. A confirmed bullish reversal signal remains absent and heavy-duty event risk by way of the US Employment report looms ahead, threatening to upset positioning. On balance, we will remain flat.

Add these technical levels directly to your charts with our Support/Resistance Wizard app!

USD/CHF Technical Analysis – Attempting to Build Upward

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.