Daily Forex Analysis – USD/CHF
In today’s Daily Forex Analysis, the intraday outlook for USD/CHF maintains a bullish stance. The ongoing ascent is eyeing a key resistance level at 0.9148. A dip below the minor support level of 0.8876 could temporarily neutralize this bullish inclination. However, the overall risk continues to tilt toward the upside as long as the more substantial support at 0.8745 remains intact.
From a broader perspective in our Daily Analysis, the surge from the 2022 low of 0.8553 serves as a corrective phase to the overarching downtrend that commenced from a 2022 high of 1.0148. A further upswing is likely to test the crucial 0.9148 resistance level, coinciding with a 38.2% Fibonacci retracement from 1.0148 to 0.8553 at 0.9162. A substantial barrier is expected here, at least during the first contact, effectively capping any immediate gains.
Analysis Summary
In today’s USD/CHF Intraday Analysis, the pair aims for the critical 0.9148 resistance level while maintaining support at 0.8745. The broader picture reveals a counter-movement to the general 2022 downtrend, targeting significant resistance levels.
Key Bullet Points:
- USD/CHF targets key 0.9148 resistance
- Maintains bullish intraday bias
- Counters 2022 general downtrend
