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.

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: Treading Water Below 0.97

USD/CHF Technical Analysis: Treading Water Below 0.97

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

Talking Points:

  • USD/CHF Technical Strategy: Flat
  • Support:0.9572, 0.9524, 0.9491
  • Resistance: 0.9641, 0.9712, 0.9770

The US Dollar remains in consolidation mode after rising to the highest level in three months against the Swiss Franc. A daily close above the 23.6% Fibonacci expansion at 0.9641 exposes the 38.2% level at 0.9712. Alternatively, a turn below trend line support at 0.9572 clears the way for a test of the July 23 low at 0.9524.

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!

--- Written by Ilya Spivak, Currency Strategist for

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