USD/CHF Price Analysis: Bounces off weekly low, tests 50-DMA after upbeat US data

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USD/CHF Price Analysis: Bounces off weekly low, tests 50-DMA after upbeat US data
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The USD/CHF advances steadily, registering solid gains of 0.33%, after bouncing from a weekly low of 0.8878. Upbeat data from the United States (US) s

USD/CHF registers solid gains, bouncing from a weekly low of 0.8878 to trade at 0.8936. A breach of the 50-DMA at 0.5965 could test the 200-DMA at 0.9009. First support levels are at 0.8900, and the October 23 swing low of 0.8878, with further support at 0.8819 and 0.8800. trengthened the Greenback and lifted the major past the 0.8900 figure, currently exchanging hands at 0.8936. From a daily chart perspective, after dropping below the 50-day moving average at 0.

8878. IF sellers reclaim those levels, the next stop would be the August 30 swing low of 0.8819, ahead of the 0.8800 mark. USD/CHF Price Action – Daily chart USD/CHF Technical Levels USD/CHF Overview Today last price 0.8937 Today Daily Change 0.0025 Today Daily Change % 0.28 Today daily open 0.8912 Trends Daily SMA20 0.9072 Daily SMA50 0.8963 Daily SMA100 0.89 Daily SMA200 0.9012 Levels Previous Daily High 0.8957 Previous Daily Low 0.8906 Previous Weekly High 0.9042 Previous Weekly Low 0.

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