Skip to Content
News & Analysis at your fingertips.
Free Trading Guides
Please try again

Live Webinar Events


Economic Calendar Events


Notify me about

Live Webinar Events
Economic Calendar Events






More View More
USD/CHF Technical Analysis: Trying to Clear Path Above 0.96

USD/CHF Technical Analysis: Trying to Clear Path Above 0.96

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

Talking Points:

  • USD/CHF Technical Strategy: Flat
  • Support:0.9437, 0.9343, 0.9167
  • Resistance: 0.9551, 0.9662, 0.9843

The US Dollar is testing monthly highs against the Swiss Franc as buyers attempt to clear a path above the 0.96 figure. A daily close above the 14.6% Fibonacci expansion at 0.9551exposes the 23.6% level at 0.9662. Alternatively, a turn below trend line support at 0.9437 opens the door for a test of resistance-turned-support at 0.9343, the February 2 high.

Prices are too close to resistance to justify entering long from a risk/reward perspective. On the other hand, the absence of a defined bearish reversal signal suggests that taking up the short side is premature. With that in mind, we will remain flat for now.

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

Daily Chart - Created Using FXCM Marketscope

--- Written by Ilya Spivak, Currency Strategist for

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