USDCHF Price Analysis – June 15
In lackluster trading during Tuesday’s European session, the USDCHF eases to 0.8965 low, down 0.10 percent intraday. The US Dollar Index (DXY), which measures the greenback, adds to the minor losses witnessed, as USDCHF slides back to the mid-0.8900 range on Tuesday, reflecting the sluggish market action.
Key Levels
Resistance Levels: 0.9129, 0.9053, 0.9000
Support Level: 0.8950, 0.8887, 0.8757
USDCHF Long term Trend: Ranging
The USDCHF was hit by fresh selling at the start of the day at 0.9002, and it proceeded to fall due to broad-based USD weakening on risk sentiment. With no sign of recovery, the price fell to an intraday low of 0.8965. Likewise, the fall from 0.9472 is considered as the third phase of the trend from 1.0027 in the larger context (high).
That is, the greater downtrend from 1.0027 may still be ongoing. The pair is now significantly below the sliding moving average 5 and 13, confirming medium-term bearishness. If the 0.8950 low is broken, the 61.8 percent estimate of 1.0237 to 0.8757 from 0.9471 at 0.8757 will be the next target.
USDCHF Short term Trend: Bearish
The USDCHF fell to a low of 0.8965. The current intraday bias is still bearish. In the event of a second recovery, the upside of the USDCHF could be limited by the 0.9000 support turned resistance level, signaling the start of a new downturn.
On the downside, a persistent break of the 0.8950 level might lead to the 61.8 percent estimate of 0.9902 to 0.9000 levels from 0.9200 to 0.8930 levels. Marginal weakness is expected as long as the 0.9000 level persists, but the 0.8950 level is likely to stay. Only over the 0.9000 level is there a chance of again towards the 0.9053 level.
Note: Learn2.Trade 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
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
Learn to Trade
Never Miss A Trade Again
Signal Notification
Real-time signal notifications whenever a signal is opened, closes or Updated
Get Alerts
Immediate alerts to your email and mobile phone.
Entry Price Levels
Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.