USDCHF

The USDCHF had a bearish momentum yesterday bottomed at 0.9907 and hit 0.9903 earlier today in Asian session. The bias is bearish in nearest term testing 0.9875 – 0.9855 area but key support remains at 0.9785 area which remains a good place to buy with a tight stop loss. Immediate resistance is seen around 0.9930. A clear break above that area could lead price to neutral zone in nearest term testing 0.9955 region.

The USDCHF had a bearish momentum yesterday fell below a trend line support as you can see on my H4 chart below, bottomed at 0.9877 and hit 0.9872 earlier today in Asian session. The bias is bearish in nearest term testing 0.9855/35 region but key support remains around 0.9785. Immediate resistance is seen around 0.9910. A clear break above that area could lead price to neutral zone in nearest term testing 0.9950 area. Overall price is still trapped inside a range area between 1.0055 – 0.9785 and we need a clear break from that range area to see clearer direction.

USD/CHF struggles to extend gains above 0.99 level, but at 0.9930 is lying strong resistance.

Bulls are pushing higher, next target 0.9965.

1.0037 looks like a good place to bet short on the pair.

USDCHF is facing further downside pressure. The downside remains supported by the 0.9900 handle, which if broken will open the door for further weakness towards the 0.9850 level and then 0.9800. The upside is providing resistance at 0.9950, followed by the 1.0000 psycological level. All in all, the USD/CHF pair is facing further downside pressure.

It's been consolidating for the last month. Tough to trade.

The dollar / franc had another unrestrained move yesterday. The price traded higher earlier today, hitting 0.9963. Trade signals are up for testing 0.9980 / 90. A clear breakthrough and daily closure over this area could clear the way to key resistance 1.0055. We have immediate support at 0.9935. A clear breakthrough below this level could take the price to a neutral zone with testing at 0.9865. Overall, I remain neutral.

USD/CHF: Bullish for now. Next target: 0.9980.

0.9790 is seen as a good entry level for long positions. Let's see what the news releases bring.

Dollar/franc attempted to fall yesterday, forming a bottom at 0.9807, but traded higher earlier today to 0.9853. The trade signals are neutral. The closest resistance is at 0.9865. A clear break above this level may cause further bullish test pressures for 0.9900 or higher. Overall, I remain neutral to this pair.

It's time for the dollar to take a breather. In-line to the Trumps' wishes.

I think it's time for correction to 0.9800.

USD/CHF broke the support at 0.9790 and is now trading below it. I expect the pair to continue to trade South.

The dollar sparked again.

Next target: below 0,9650.

0.9650 needs to be considered.

0.9600 is my next target.

The USDCHF continued its bearish momentum last week bottomed at 0.9652. The bias is bearish in nearest term testing 0.9600. Immediate resistance is seen around 0.9715. A clear break above that area could lead price to neutral zone in nearest term but as long as stay below 0.9785 I still prefer a bearish scenario at this phase and any upside pullback should be seen as a good opportunity to sell.