USDCHF Technical analysis Today. The USD/CHF pair has witnessed a clear downward trend in recent sessions, losing important technical support and returning to trading below 0.9100. This decline comes amid a slowdown in the dollar’s strength, as the market awaits decisive decisions from the US Federal Reserve this week.
USDCHF Technical analysis Today General Technical Outlook:
- The price is moving below the 0.9094 resistance and close to the 0.9050 support area.
- The short-term trend has been steadily downward since breaking 0.9120.
- No real bullish signals before the price returns above 0.9115.
Technical Indicator Analysis:
- Moving Averages: The price is below the 50- and 100-day EMA, confirming selling pressure.
- MACD: In negative territory, with continued downward momentum.
- Stochastic: It moves between 20 and 30, indicating that the market is close to oversold, but without any confirmed rebound signals yet. Technical Zones:
- Support 0.9050: An important retracement zone. Breaking it will lead to an acceleration in the decline towards 0.9025 and then 0.9000.
- Resistance 0.9094 – 0.9115: A previous reversal zone. Only a break above it could restore upward momentum.
Bullish Scenario (Currently Weak):
- If the price returns above 0.9094 and holds above 0.9115, we may witness a recovery towards:
- 9130
- 9145
Bearish Scenario (Likely):
- Continued pressure below 0.9094 could lead to a decline towards:
- 9050
- 9025
- A break of 0.9025 paves the way towards 0.9000.
Trading strategies based on Buy/Sell levels
| In case of buying | in case of selling | USDCHF |
| 0.82468 | 0.82219 | Entry point |
| First resistance: 0.82754 | First support: 0.81971 | Target Point 1 (TP1) |
| Second resistance 0.83054 | Second support 0.81671 | Target Point 2 (TP2) |
| 0.82219 | 0.82468 | Stop Loss (SL) |
The USD/CHF pair is clearly technically weak, continuing its decline below technical resistance levels, with no strong signs of a rebound so far. Any current rebound is considered a selling opportunity, unless 0.9115 is surpassed with a clear close.
Upcoming Economic Data:
- US Interest Rate Decision – Wednesday, May 7
- Nonfarm Payrolls Report – Friday, May 9
- These data are pivotal in determining the direction of the US dollar and, therefore, directly impact USD/CHF.
