USDCHF is the best performing currency against the US dollar among major currencies. The USD/CHF exchange rate is currently slightly lower due to safe-haven flows towards the more neutral CHF. After trading higher earlier today, the pair fell -0.05%. Geopolitical tensions triggered by the Iran-Israel conflict initially depressed the safe-haven currency CHF, causing USDCHF to rise to the volatility zone of 0.8191-0.8212. Dip selling appeared at the bottom of the area, with the rally fading before the 38.2% retracement of (0.8216) was tested (or even just tested). Price then broke below the 100-hour moving average (currently 0.81717), but the bearish momentum stalled at the 200-hour moving average (0.81540). The green line has halted every dip since the start of trading in Europe, highlighting its importance as a short-term support. The rally regained the 100-hour line, but each bounce continued to be constrained by the lower edge of the highlighted volatility zone, highlighting the market caught between a short-term trend follower and a medium-term range trader. With event risk still high and US data scarce, intraday flows are likely to trade between borders. However, Bowman's dovish remarks (echoing those of Waller last week) suggest that despite last week's unanimous vote on the Fed's decision, and even the dot plot showing that there are 7 members who believe interest rates should not be adjusted before the end of the year, there are still some naysayers. A decisive hourly close breaking through either side should determine the next импульс. Key Technical Levels Resistance 1: 0.8191 (Bottom of the Swing Zone, Upper Limit So Far) Resistance 2: 0.8212 (Top of the Swing Zone) Resistance 3: 0.8216 (38.2% of May-June Decline) Support 1: 0.81717 (100 Hour MA) Support 2: 0.81540 (200 Hour MA) Support 3: 0.81468 (Lower Volatility Zone if MA Breaks.) A break below this level could lead to a potential drop towards the lows)
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MEVSandwichMaker
· 18h ago
It's doing this kind of fragmented fluctuation again.
Reply0
NFT_Therapy
· 19h ago
This indicator is making you feel dizzy, right?
Reply0
JustHereForMemes
· 19h ago
fall hair cannot understand these numbers
Reply0
0xDreamChaser
· 19h ago
The pattern is too small; a wave of long and short positions is needed to make it interesting.
USDCHF short-term Fluctuation is intense, with geopolitical situations and The Federal Reserve (FED) statements influencing the trend.
USDCHF is the best performing currency against the US dollar among major currencies. The USD/CHF exchange rate is currently slightly lower due to safe-haven flows towards the more neutral CHF. After trading higher earlier today, the pair fell -0.05%. Geopolitical tensions triggered by the Iran-Israel conflict initially depressed the safe-haven currency CHF, causing USDCHF to rise to the volatility zone of 0.8191-0.8212. Dip selling appeared at the bottom of the area, with the rally fading before the 38.2% retracement of (0.8216) was tested (or even just tested). Price then broke below the 100-hour moving average (currently 0.81717), but the bearish momentum stalled at the 200-hour moving average (0.81540). The green line has halted every dip since the start of trading in Europe, highlighting its importance as a short-term support. The rally regained the 100-hour line, but each bounce continued to be constrained by the lower edge of the highlighted volatility zone, highlighting the market caught between a short-term trend follower and a medium-term range trader. With event risk still high and US data scarce, intraday flows are likely to trade between borders. However, Bowman's dovish remarks (echoing those of Waller last week) suggest that despite last week's unanimous vote on the Fed's decision, and even the dot plot showing that there are 7 members who believe interest rates should not be adjusted before the end of the year, there are still some naysayers. A decisive hourly close breaking through either side should determine the next импульс. Key Technical Levels Resistance 1: 0.8191 (Bottom of the Swing Zone, Upper Limit So Far) Resistance 2: 0.8212 (Top of the Swing Zone) Resistance 3: 0.8216 (38.2% of May-June Decline) Support 1: 0.81717 (100 Hour MA) Support 2: 0.81540 (200 Hour MA) Support 3: 0.81468 (Lower Volatility Zone if MA Breaks.) A break below this level could lead to a potential drop towards the lows)