Skip to content
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: Trend Line Caps Rebound

USD/CHF Technical Analysis: Trend Line Caps Rebound

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:0.9235, 0.9139, 0.9015
  • Resistance: 0.9324, 0.9550, 0.9660

The US Dollar stalled at trend line resistance capping gains since mid-March after finding support below the 0.92 figure. Near-term falling trend line resistance is at 0.9324, with a break above that on a daily closing basis exposing support-turned-resistance at 0.9550. Alternatively, a turn below a recently broken channel top at 0.9235 clears the way for a test of the 38.2% Fibonacci expansion at 0.9139.

Risk/reward considerations argue against entering long with prices in close proximity to resistance. On the other hand, the absence of a defined bearish reversal signal suggests taking up the short side is premature. We will remain flat for now, waiting for an actionable opportunity to present itself.

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

--- Written by Ilya Spivak, Currency Strategist for

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