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USD/CHF Technical Analysis: Buyers Claim 0.95 Figure

USD/CHF Technical Analysis: Buyers Claim 0.95 Figure

Ilya Spivak, Head Strategist, APAC

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Talking Points:

  • USD/CHF Technical Strategy: Long at 0.9068
  • Support:0.9463, 0.9401, 0.9299
  • Resistance: 0.9564, 0.9646, 0.9728

The US Dollar advanced for a fifth consecutive day against the Swiss Franc, with buyers managing to secure a foothold above the 0.95 figure. A daily close above the 38.2%Fibonacci expansionat 0.9564 exposes the 50% level at 0.9646. Alternatively, a reversal back below the 23.6% Fib at 0.9463 opens the door for a challenge of the 0.9401-03 area marked by the September 19 close and the 14.6% expansion.

We bought USDCHF at 0.9068 and have since taken profit on half of our exposure. The remainder of the trade is open to capture any further upside momentum. The stop-loss is now at 0.9114, our initial objective.

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USD/CHF Technical Analysis: Buyers Claim 0.95 Figure

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.