USD/CHF technical analysis: Greenback hanging near the November highs against CHF

USD/CHF trades near a three-week low. Bearish MACD, failures to carry the latest recovery keep sellers hopeful, 50-day SMA acts as near-term key support. 200-day SMA, 61.8% Fibonacci retracement act as near-term key resistances. USD/CHF remains on the back foot around 0.9740, down 0.25%, during the initial trading session on Thursday.

USD/CHF is bouncing from daily lows while nearing the 0.9730 resistance. As the bounce can be short-lived, the level to beat for sellers remains the 0.9680 level. USD/CHF is trading below the main daily simple moving averages suggesting an overall bearish bias in the long term. The spot is just below the 50 SMA.

USD/CHF remains on the back foot despite recovering off-late. 61.8% of Fibonacci retracement will be on the sellers’ radars. Buyers are less likely to take the risk unless revisiting early-2020 levels. USD/CHF registers 1.36% loss to 0.9260 while heading into the European open on Monday.

USD/CHF slips from a two-week high. 61.8% Fibonacci retracement, 200-day EMA add to the resistances. While extending its U-turn from 50-day EMA, USD/CHF drops 0.30% to 0.9583 ahead of the European session on Wednesday. The pair currently declines towards 38.2% Fibonacci retracement of its fall from November 2019, at 0.9500.

USD/CHF stays positive near a three-week high. The resistance line of an eight-day-old rising trend channel limits the immediate upside. 200-bar SMA offers immediate support, SNB in the spotlight. USD/CHF pulls back from the resistance line of a short-term rising trend channel while taking rounds to 0.9695, up 0.16%, during the early Thursday.

USD/CHF consolidates gains for the second consecutive day. The level to beat for bulls is the 0.9900 resistance. The parity level might be on the bulls’ radar. USD/CHF is retreating slightly this Monday while the currency pair is consolidating gains for the second consecutive day above the main SMAs.

USD/CHF finds decent support near 0.9500 mark and snaps four days of losing streak. The set-up warrants some caution before positioning for any further recovery move. The USD/CHF pair found a decent support near the key 0.9500 psychological mark and staged a goodish recovery on the first day of a new trading week, snapping four consecutive days of losing streak.

USD/CHF remains on the back foot after breaking near-term key supports, Good Friday holiday restricts the moves. Late-March lows, 61.8% Fibonacci retracement on sellers’ radars. 200-day SMA adds to the resistance beyond the latest ones.