USD/CHF Technical Analysis: Confirms a bullish break through 1-week old trading range
• The pair caught some aggressive bids on Wednesday and rallied hard to over three-month tops, confirming a bullish break through a one-week-old trading range.
• With technical indicators holding in bullish territory, and still far from being overbought, the momentum should assist the pair to build on the intraday strong gains.
• Only a convincing break below the recent trading range support, near the 0.9940-35 region, will negate the positive outlook and prompt some aggressive long-unwinding trade.
USD/CHF 1-hourly chart
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USD/CHF
Overview:
Last Price: 0.9986
Daily change: 37 pips
Daily change: 0.372%
Daily Open: 0.9949
Trends:
Daily SMA20: 0.9891
Daily SMA50: 0.9801
Daily SMA100: 0.9866
Daily SMA200: 0.9742
Levels:
Daily High: 0.9972
Daily Low: 0.9938
Weekly High: 0.9978
Weekly Low: 0.9848
Monthly High: 0.982
Monthly Low: 0.9542
Daily Fibonacci 38.2%: 0.995
Daily Fibonacci 61.8%: 0.9959
Daily Pivot Point S1: 0.9934
Daily Pivot Point S2: 0.9919
Daily Pivot Point S3: 0.99
Daily Pivot Point R1: 0.9968
Daily Pivot Point R2: 0.9987
Daily Pivot Point R3: 1.0002