USD / CHF Daily Technical Outlook
Last updated at 22 October 2021 00: 19GMT.
Daily trend chart
21 RH EMA
55 RH EMA
Hourly trend chart
13 RH RSI
14 RH DMI
Another fall bounce b4.
0.9252 – Wednesday high.
0.9223 – Last Friday low (now res).
0.9206 – Thursday is high.
0.9164 – September 15 low.
0.9133 – Sept. 7 bottom.
0.9101 – August 17 low.
USD / CHF – 0.9184 .. Dlr trailed off in Asia yesterday na staged a rally FM 0.9186 to 0.9206 in Europe b4 resuming a drop off FM Sep’s high of 0.9368 to a new one-month low of 0.9171 to NY due to an active cross buy in CHF.
Overall, the impressive rise in DLR FM Jan is near 6-year low at 0.8758 to hit 0.9472 on April 1 as US yields rebound suggests an erratic drop in FM 1.0344 ( 2016 peak) to retrace the LT FM 2015 record high low to 0.7360 may have ended n price is on the way two 0.9551 (50% r). That said, the drop in DLR to a 3.5 month low of 0.8927 in early June due to general USD weakness signals bullish movement FM 0.8758 peaked, however, subsequent rebound at 0.9274 (July), then again at 0.9368 in September, the pullback of 0.9472 has ended and the retest of this key resolution is likely in late October / November. Tuesday’s breakout of 0.9195 would extend the weakness to 0.9150, then to 0.9101 later this week.
Today, while the DLR weakness at 0.9171 was also accompanied by “bullish convergences” on the hourly indicators, the 0.9101 sups should remain intact and provide a long awaited retracement of said fall FM 0.9368. A daily close at around 0.9206 signals a temporary low, leading to a correction to 0.9252, then two 0.9272 next week.