Pulls-back from eight-month high of 0.9200
The post Pulls-back from eight-month high of 0.9200 appeared on BitcoinEthereumNews.com.
USD/CHF retreats 0.18% from peak, unable to hold gains despite positive U.S. economic reports. Technical analysis: resistance at 0.9135; further gains possible if surpassed. Support levels at 0.9098 and 0.9077; critical support at January low of 0.9007. The USD/CHF retreats after hitting an eight-month peak at 0.9200 and drops towards the 0.9100 mark, registering losses of over 0.18%. Upbeat data from the United States (US) failed to bolster the Greenback, which extended its losses following dovish remarks from Fed Governor Christopher Waller. USD/CHF Price Forecast: Technical outlook Since October of last year, the USD/CHF enjoyed a healthy uptrend, with the Greenback appreciating over 9% against the Swiss Franc. However, buyers failed to prolong the trend, as the pair tumbled to a six-day low on Wednesday at 0.9077 before recovering some ground. Although the pair is set to end Thursday’s session with losses, further upside is seen after achieving a higher low, with prices finding acceptance near the 0.9098-0.9135 range. If buyers clear 0.9135, the next resistance will be the January 13 daily high at 0.9200, the top of a ‘shooting star.’ If broken, the next ceiling level will be the April 2024 peak at 0.9224. Conversely, if USD/CHF remains below 0.9100, the first support would be 0.9098 and 0.9077. If those levels are taken out, look for a possible bounce at 0.9007, the January 6 swing low. USD/CHF Price Chart – Daily Swiss Franc PRICE Today The table below shows the percentage change of Swiss Franc (CHF) against listed major currencies today. Swiss Franc was the strongest against the US Dollar. USD EUR GBP JPY CAD AUD NZD CHF USD -0.03% -0.06% -0.05% -0.04% -0.04% -0.02% -0.05% EUR 0.03% -0.04% 0.00% -0.02% -0.03% 0.02% -0.03% GBP 0.06% 0.04% 0.02% 0.03% 0.03% 0.05% 0.02% JPY 0.05% 0.00%…
Filed under: News - @ January 17, 2025 12:18 am