Technical Overview of USD/CHF, EUR/CHF & CAD/CHF: 25.01.2018

USD/CHF

Following its break of longer-term ascending trend-line on Wednesday, the USDCHF now trades beneath the 0.9440-20 horizontal-support, which in-turn gives rise to probabilities of the pair’s extended south-run to the 0.9350, the 0.9290 and then to the 0.9255-50 rest-points. Given the quote’s additional downturn below 0.9250, it becomes vulnerable to revisit the 0.9150, the 0.9110 and the 0.9000 psychological-magnet. Should the pair fail to provide a weekly closing below 0.9420, the 0.9440 and the TL support-turned-resistance, at 0.9490, gain buyers’ attention, breaking which 0.9530 and the 0.9630 may appear in Bulls’ radar. Moreover, pair’s successful trading beyond 0.9630 enables it to confront the 200-week SMA level of 0.9660 and the 0.9730 resistance-marks.

EUR/CHF

Unlike USDCHF, which has already broken important supports, the EURCHF still has to clear the 1.1670-65 horizontal-region in order to meet the 1.1650 and the 1.1640 supports. If prices decline below 1.1640, the 1.1620, the 1.1600 and the 1.1580 are likely consecutive levels to be watched carefully. On the upside, the 1.1725 and the 1.1740 may entertain the short-term buyers, surpassing which 1.1760 and the 1.1780 might offer intermediate halts prior to flashing 1.1800 on the chart. Moreover, pair’s extended north-run above 1.1800 helps it challenge the 1.1820 and the 1.1835 resistances ahead of aiming the 1.1850 level.

CAD/CHF

With the break of more than five-month old upward slanting trend-line, the CADCHF seems all set to test the 200-day SMA level of 0.7600; though, its following declines might be capped by oversold RSI, which if not respected can drag the quote to 0.7575 and then to the 0.7545 support. During the pair’s additional south-run below 0.7545, the 0.7500 and the 0.7470 seems important for sellers to observe. Meanwhile, pair’s daily closing above 0.7660 could negate its recent TL break by propelling to towards the 0.7680, the 0.7700 and to the 0.7730 adjacent resistances. Should prices keep trading strong above 0.7730, the 0.7780 and the 0.7800 can be targeted while being long.

Cheers and Safe Trading,
Anil Panchal