USDCHF

Bearish on this one for the short-term.

Strong USD rising. If the rising keeps 50 points more over 1.0050, the bulls sentiment may turn back.

USD/CHF had a good week last week with price going above parity. Now all eyes are on the US FOMC minutes on Wednesday in hopes that market players will get a hint where the economy is going now.

Still above parity, let's see what the next week brings.

Hello,
USD/CHF - Sentiment is for long and I believe another test around 1.0110 and perhaps break over.

The Greenback is most likely to continue appreciating against the Franc.

The first resistance for the USD/CHF is at 1.0150 (Fib. 78.6% - Jan. – Feb. Fall) ahead of 1.0195/1.02 (Jan. 9 high/psychological level) and 1.0235 (Fib. %61.8). On the downside, the first support is aligned at 1.01 (psychological level) followed by 1.0050 (20-DMA) and finally 1.000 (psychological level/Feb. 28 low).

The pair seems to consolidate ahead of the NFP and Jobs report. Interesting to see how it develops.

A follow through retracement below 100-day SMA support near 1.0060-55 region now seems to open room for continuation of the pair's corrective slide towards 1.0010 intermediate support, en-route the next important support near 0.9970-65 area.
On the upside, momentum back above the 1.0100 handle seems to lift the pair towards 1.0135 resistance before aiming towards multi-month highs resistance near 1.0170 region.

Immediate support on the downside is pegged near 0.9965 level, below which the pair is likely to accelerate the slide towards the very important 200-day SMA support near the 0.9900 handle. On the upside, sustained recovery above 1.0015-20 immediate resistance seems to trigger a short-covering bounce towards 100-day SMA hurdle near 1.0060 region, above which the pair is likely to make a fresh attempt towards reclaiming the 1.0100 handle.

And the pair is back below parity on weak US dollar. I think the Swiss franc actually will start to depreciate again before the end of the month.

To the upside, the next resistances are seen near 1.0000 (parity) and 1.0028/39 (50 & 10-DMA) and from there to 1.0070/99 (20 & 100-DMA). To the downside, immediate support might be located at 0.9951 (200-DMA) and below that at 0.9932 (Feb 9 low) and at 0.9900 (psychological levels).

Bears would be eyeing for a decisive weakness below mid-0.9900s, below which the pair is likely to prolong the depreciating move further towards the very important 200-day SMA support near 0.9910-0.9900 region, en-route yearly lows support near 0.9865-60 zone. On the upside, any recovery back above 0.9985 level, leading to a subsequent momentum above parity mark, now seems to lift the pair towards 1.0025-30 horizontal resistance ahead of 100-day SMA hurdle near 1.0060 region.

Renewed weakness back below the 200-day SMA now seems to drag the pair below 0.9880 level (yesterday's low) towards retesting yearly lows near 0.9865-60 region en-route 0.9820-15 support. On the upside, 0.9940 level now becomes immediate strong resistance, which if cleared decisively is likely to lift the pair back towards 0.9980-85 resistance before the pair eventually breaks through parity mark and head towards testing its next resistance near 1.0025-30 zone.

USD/CHF is trading below parity this week as price approaches 0.99. Current market price is 0.9924, i expect a move down below 0.99, my target is 0.9867.

 the daily graph, the RSI is sitting at 27, the lowest level since April, and is showing oversold conditions. 0.9800 could be the first technical support for the pair followed by 0.9730 (Nov. 7 low) and 0.9680 (Nov. 4 low). On the upside, a recovery above 0.9860 (Jan. 31 low) could aim for 0.9945 (200-DMA) and 1.0000 .

Bears would be eyeing for a retest of multi-month lows support near 0.9815 region, below which the pair is likely to accelerate the slide towards 0.9775 support ahead of 0.9735-30 horizontal support. On the upside, 0.9865-70 area (session tops) now becomes immediate resistance, which if cleared decisively might trigger a short-covering rally towards filling the weekly bearish gap and reclaim the 0.9900 handle ahead of testing the very important 200-day SMA support turned resistance near 0.9920 region.

USD/CHF climbed above parity with price now trading around 1.0008. Main trend on the short-term remains in consolidation.

The USDCHF attempted to push lower last week bottomed at 0.9813 but whipsawed to the upside and closed higher at 1.0023. The bias is bullish in nearest term testing 1.0060. A clear break and daily close above that area would expose 1.0120 region. Immediate support is seen around 0.9990. A clear break below that area could lead price to neutral zone in nearest term testing 0.9950 area.