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

 

  • USD/CHF is trading flat on the day, consolidating the gains of the last two days. 
  • The level to beat for bulls is the 0.9940/0.9956 resistance zone.

USD/CHF daily chart

On the daily chart, USD/CHF is trading in a range below its 200-day simple moving average (DMA). The market is holding just above the 50 SMA today at the 0.9916 level.

USD/CHF daily chart

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USD/CHF daily chart

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USD/CHF four-hour chart

USD/CHF is trading near the monthly highs while above its main SMAs, suggesting a bullish bias in the medium term. Buyers will need to overcome the 0.9940/0.9956 resistance zone and the descending trendline. Further up, 0.9988 resistance awaits, according to the Technical Confluences Indicator.

USD/CHF four-hour chart

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USD/CHF four-hour chart

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USD/CHF 30-minute chart

USD/CHF is trading above upward sloping 100/200 SMAs, suggesting a bullish bias in the medium term. Pullbacks down could find support near 0.9910, 0.9889 and 0.9853, according to the Technical Confluences Indicator.

USD/CHF 30-minute chart

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USD/CHF 30-minute chart

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Flavio Tosti
Flavio has been engaged in the financial market since 2011 with experience in stocks, currencies, commodities and cryptocurrencies among others. In 2015 he completed a postgraduate diploma in Financial Trading Analysis from the University of Essex in collaboration with FXStreet.
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