USD/CHF Price Analysis: Greenback off fresh 2020 highs, trades above 0.9800 figure



USD/CHF daily chart

USD/CHF is easing after hitting new 2020 highs this Friday. The quote is trading below the 100/200-day simple moving averages suggesting an overall bearish bias.

USD/CHF four-hour chart

The market broke above the 0.9800 figure and the rising wedge upper trendline. If bulls maintain the market above the 0.9800 figure it would be considered a bullish sign which can lead to further gains towards the 0.9830 and 0.9850 levels. On the flip side, a daily close below the 0.9800 figure could see a re-integration of the wedge with a potential decline towards the 0.9770 level.

Resistance: 0.9830, 0.9850, 0.9870
Support: 0.9800, 0.9770, 0.9730

Additional key levels


Today last price0.9803
Today Daily Change0.0009
Today Daily Change %0.09
Today daily open0.9794


Daily SMA200.9717
Daily SMA500.9744
Daily SMA1000.9836
Daily SMA2000.9866


Previous Daily High0.9796
Previous Daily Low0.976
Previous Weekly High0.9782
Previous Weekly Low0.9629
Previous Monthly High0.9768
Previous Monthly Low0.9613
Daily Fibonacci 38.2%0.9782
Daily Fibonacci 61.8%0.9774
Daily Pivot Point S10.9771
Daily Pivot Point S20.9748
Daily Pivot Point S30.9735
Daily Pivot Point R10.9806
Daily Pivot Point R20.9819
Daily Pivot Point R30.9842