Previous post Next post

USD/CHF Price Analysis: Dollar trading in fresh March’s highs, challenging 0.9750 level

 

  • USD/CHF is reversing up sharply from the 2020 lows. 
  • The level to beat for bulls is the 0.9750 resistance.

USD/CHF daily chart

USD/CHF is rebounding sharply from 2020 lows while nearing the 100 SMA on the daily chart. The demand for the greenback is dring the currency pair towards the 2020 highs.

USD/CHF daily chart

(see more posts on USD/CHF, )
USD/CHF daily chart

.

USD/CHF four-hour chart

The spot spiked to the upside while reaching new March’s highs while trading above the main SMAs. Bulls would need to break above the 0.9750 resistance and if the market is able to pierce through it, USD/CHF might be headed towards the 0.9850 and 0.9950 levels over time. On the way down the market might find support near the 0.9650, 0.9600 and 0.9550 levels.

USD/CHF four-hour chart

USD/CHF four-hour chart

- Click to enlarge

 

Full story here
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.
Previous post See more for 1.) FXStreet on SNB&CHF Next post
Tags:

Permanent link to this article: https://snbchf.com/2020/03/tosti-usd-chf-price-analysis-dollar-trading-fresh-march-highs-challenging-9750/

Leave a Reply

Your email address will not be published.

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

This site uses Akismet to reduce spam. Learn how your comment data is processed.