USD/CHF Technical Analysis: Rally Extends to 1-Year High

To receive Ilya’s analysis directly via email, please SIGN UP HERE

Talking Points:

  • USD/CHF Technical Strategy: Long at 0.9068
  • Support:0.9272, 0.9223, 0.9175
  • Resistance: 0.9332, 0.9429, 0.9526

The US Dollar soared to a one-year high against the Swiss Franc after turning higher as expectedhaving put in a Bullish Engulfing candlestick pattern. A daily close above the 76.4% Fibonacci expansion at 0.9332 exposes the 100% level at 0.9429. Alternatively, a turn back belowthe 61.8% Fib at 0.9272 clears the way for a challenge of the50% expansionat 0.9223

We bought USDCHF at 0.9068 and have since taken profit on half of our exposure. The rest remains open to capture any further upside momentum with a stop-loss at 0.9114, our initial objective.

Add these technical levels directly to your charts with our Support/Resistance Wizard app!

USD/CHF Technical Analysis: Rally Extends to 1-Year High

Daily Chart – Created Using FXCM Marketscope 2.0

— Written by Ilya Spivak, Currency Strategist for

This entry was posted in Binary Options Signals Related News and tagged , , . Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *