USDCHF Remains Beneath the 0.9600 Level Despite the Greenbacks Rebounding Bond Yields

3 March 2020 | Updated: 3 March 2020

USDCHF Price Analysis – March 3

The Fx pair stays on the defensive through Tuesday’s early European session into American session and is currently positioned close to the lower end of its daily trading range, around the low-level area of 0.9515. The risk-on flow helped the bond yields from the U.S. Treasury to stage a good recovery from all-time lows. It eventually helped alleviate the US dollar’s recent bearish pressure but unable to lift the pair.

Key Levels
Resistance Levels: 1.0231, 1.0027, 0.9845
Support Levels: 0.9500, 0.9438, 0.9370

USDCHF Long term Trend: Bearish

After a strong collapse over the last few days, the bears are likely to wait for a regular closing beneath the low price level of September 2018 close to 0.9541 level, thus targeting 0.9500 levels during the further declines.

Nonetheless, it may recall the buyers targeting 0.9700 marks on the off-chance the pair’s recovery moves past-0.9629 price levels including lows marked on January 31.

USDCHF Short term Trend: Bearish

Technically with a low resistance level of 0.9654, the intraday bias in USDCHF stays on the downside as the current fall from 1.0231 may aim a forecast of 100 percent from 0.9845 to 0.9438 levels.

On the upside, breakage of 0.9654 minor resistance level may first alter the neutral intraday bias and recovery may be well beneath the resistance level of 0.9845 to usher in continuation of fall resumption.

Instrument: USDCHF
Order: Sell
Entry price: 0.9541
Stop: 0.9613
Target: 0.9438

Note: Learn2Trade.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.