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USD/CHF New York Price Analysis: Dollar eases from session highs, trades below 0.9830 vs. Swiss franc

 

  • USD/CHF prints another 2020 high and retraces down in the New York session.
  • Bears are challenging the 0.9830 level. 

USD/CHF daily chart

After hitting yet again a new 2020 high, USD/CHF is easing from session highs. The spot is trading below the 200-day simple moving averages suggesting an overall bearish momentum in the long term.

USD/CHF daily chart

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USD/CHF daily chart

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USD/CHF four-hour chart

Dollar/Swiss is trading in a rising wedge while challenging the 0.9830 support. Bears want a daily close below the 0.9830 level and the trendline and target the 0.9800 and 0.9770 levels. On the flip side bulls remain in control for now and are looking for a daily break above the 0.9850 level to hit 0.9870 and the 0.9900 figure.

Resistance: 0.9850, 0.9870, 0.9900

Support: 0.9830, 0.9800, 0.9770

USD/CHF four-hour chart

(see more posts on USD/CHF, )
USD/CHF four-hour chart

- Click to enlarge

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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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Permanent link to this article: https://snbchf.com/2020/02/tosti-usd-chf-new-york-price-analysis-dollar-eases-session-highs-trades-below-9830-swiss-franc/

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