USDCHF Trend Indicates Potential Bullish Exhaustion in the Medium Term


USDCHF Price Analysis – February 11

The currency pair has consolidated its recent strong gains and remains in a narrow trading corridor for the second session in a row on Tuesday. Despite the prevailing risk appetite, which tends to undermine demand for alleged safe-haven currencies such as the Swiss franc, the pair struggled to get any meaningful movement.

Key Levels
Resistance Levels: 1.0231, 1.0027, 0.9800
Support Levels: 0.9743, 0.9613, 0.9541

USDCHF Long term Trend: Ranging

The USDCHF is slightly pulling back from the highs of 2020, while the spot is trading below the horizontal resistance level of 0.9800, indicating a general bearish momentum.

If there should arise an occurrence of another advance, a leap forward of the level of 1.0231 is important to demonstrate the resumption of an uptrend, in any case, there will be increasing ranging from the danger of another fall.

USDCHF Short term Trend: Bullish

The USDCHF rebound from the short-term bottom at 0.9613 level is still ongoing. The intraday bias remains on the rise to restore the part from 1.0231 to 0.9613 at the levels of 0.9841.

The reactions from there would reveal whether it is simply a corrective movement or a change in the immediate trend. However, on the other hand, a break of the level at low support of 0.9743 level may lead to re-testing of a low level of 0.9613.

Instrument: USDCHF
Order: Buy
Entry price: 0.9743
Stop: 0.9700
Target: 0.9800

Note: 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
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit

Highly volatile unregulated investment products. No EU investor protection.

  • 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
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
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.