The dollar/franc continued its inertia yesterday, reaching a peak of 1.0000. Views remain bullish for testing the important resistance 1.0037. Intraday support is seen at 0.9940 - 0.9920, whose breakthrough can take the price to a neutral zone, but any downward adjustment is now normal. And every downward pressure should be seen as a good opportunity for purchases. On the upside, a clear break and daily closing above 1.0037 will open the way to 1.0100 or higher.
I’ve been trading with this asset for quite a long time, I like it for its high volatility and relatively small spread. Currently there’s no active deals with dollar / franc, I’m waiting for a price impulse to enter the market.
The dollar / franc had another unrestrained move yesterday. The views remain neutral, possibly with light bullish signals for the critical resistance testing of 1.0055. This level should be clearly pushed up to revive and reactivate my upward model. On the downside, key short-term support is 0.9960. A clear breakthrough and daily closure below it can cause future downward pressure to test at 0.9900 or lower.
The dollar/franc was volatile but indecisive yesterday. The price slid under the 0.9870 support, but closed higher at 0.9912. The signals remain neutral in the near future. But while the pair remains below 0.9980, the downward pressure should remain strong for re-testing 0.9870. The last level should be clearly broken down for the resumption of the bearish phase with targets in the region of 0.9800 or lower. In the upward direction, 0.9980 remains a key short-term resistance. A clear breakthrough over this area may take the price up to retest the resistance 1.0055, which must be clearly pierced to re-activate the upward model.
The US dollar fell against the Swiss franc. The session started at a price of 0.9931 as the pair lost 20 pips. The dollar reached a peak of 0.9982 during the European session, after which the price dropped sharply to break the level of support and reached a bottom of 0.9850. After a successful break of support at 0.9920, we would expect a retest of 0.9847.
USD/CHF
Key levels to watch for:
Support: 0.9920; 0.9847;
Resistance: 1.0055; 1.0100;
The US dollar reported a decrease against the Swiss franc on Thursday. The session started at 0.9861 and finished at 0.9803. Graphics continued to grow below creeping averages, while the relative strength index remained neutral. If the price continues to fall, the dollar will probably break the first support at 0.9740.
The dollar / franc tried to drop down yesterday, forming a bottom at 0.9825, but went up then and peaked at 0.9972. Technically, this fact stops the downward phase and activates my bullish model. Trade signals are up for retesting 1.1055. Daily support is 0.9950. A clear breakthrough below this level could take the price to a neutral trading area at 0.9915 / 00. But overall, I prefer the bullish scenario at this stage and any downward pressure should be considered a good opportunity to buy.
The US dollar recorded a volatile session against the Swiss franc on Wednesday. The currency pair started at 0.9923 and ended only 2 pips higher. Daily extreme values were reached at 0.9904 and 0.9939 respectively. If the bullish trend remains, there may be an attempt to break the first resistance at 0.9940.
USD / CHF
Key levels to watch for:
Support: 0.9740; 0.9590;
Resistance: 0.9940; 1.0030;
The dollar / franc rose yesterday with a peak of 0.9965. Expectations are bullish to test the key resistance of 0.9980, which remains a good place to sell with narrow stops at the loss over 1.0000. The nearest support is 0.9935. A clear breakthrough below can take the price to a neutral zone with testing 0.9900, but an important support remains 0.9855, which is also a nice area for longs. We need a clear breakthrough in the range to see a clearer direction of movement.
The dollar / franc had a significant upside momentum yesterday, sliding over the range with a peak of 1.0026. The signals are up for testing on 1.0055. Support for the day we have at 0.9980. A clear breakthrough below this level may take the price to a neutral trading area with a 0.9950 test, and the direction will become obscure.
The US dollar recorded an increase against the Swiss franc. The session started at a price of 0.9957, with the pair winning 63 pips. The dollar continues its upward momentum by successfully breaking the resistance level at 0.9990, reaching peak for the day of 1.0026. After a successful break of resistance at 0.9990, we would expect the price to test the next level at 1.0055.
USD / CHF
Key levels to watch for:
Support: 0.9892; 0.9856;
Resistance: 1.0055; 0.9990; 0.9934;
The dollar fell against the Swiss franc on Monday. The US currency lost its accumulated positions at the end of last week and the support at 0.9983 was overcome. Short-term expectations remain in favor of the franc. The session was open at 1.0011 and the trend was bearish all the time. The bottom of the day was hit at 0.9962 and the final was two pips higher.
USD / CHF
Key levels to watch for:
Support: 0.9983; 0.9944;
Resistance: 1.0069; 1.0106;
The dollar / franc had a bearish momentum yesterday, sliding back under 0.9980 support. This fact confirms the bearish scenario of a false breakthrough with targets in the 0.9855 area. The closest resistance is at 1.0015, whose breakthrough can take the price to a neutral zone for re-testing the key level 1.0055.
The dollar / franc had another unrestrained move yesterday. The price traded higher earlier today, hitting 0.9963. Trade signals are up for testing 0.9980 / 90. A clear breakthrough and daily closure over this area could clear the way to key resistance 1.0055. We have immediate support at 0.9935. A clear breakthrough below this level could take the price to a neutral zone with testing at 0.9865. Overall, I remain neutral.
USD/CHF: Bullish for now. Next target: 0.9980.
Dollar/franc attempted to fall yesterday, forming a bottom at 0.9807, but traded higher earlier today to 0.9853. The trade signals are neutral. The closest resistance is at 0.9865. A clear break above this level may cause further bullish test pressures for 0.9900 or higher. Overall, I remain neutral to this pair.