- As of Thursday afternoon, USD/CHF is moving sideways in the 0.89650-0.90000 range.
- During the Asian session, USDJPY moved in the range of 151.00-151.40.
Chart analysis of the US dollar against the Swiss franc
As of Thursday afternoon, USD/CHF is moving sideways in the 0.89650-0.90000 range. The interest rate cut by the Swiss National Bank had a negative impact on the Swiss franc. During this morning's Asian session, the pair moved in a narrower range at 0.89700-0.89880. Now, we need a bullish impulse that would test the 0.90000 level and, with this move, indicate additional upside.
Possible higher targets are 0.90100 and 0.90200 levels. We need a downward push below 0.89650 to get a bearish option. With this move, we fall below the EMA50, which increases pressure on USDCHF. After that, we can expect to see a continuation of the decline and fall to lower levels. Possible lower targets are 0.89600 and 0.89500 levels.
USDJPY chart analysis.
During the Asian session, USDJPY moved in the range of 151.00-151.40. We are currently at 151.30 and approaching the weekly open price at 151.44. With the jump to the upside, we move to the upside, forming a new daily high and continuing the bullish consolidation this morning at the 151.00 level. After that, we head towards 151.60, the previous high from Friday.
If we jump above that hurdle, we will have the opportunity to test last week's high at 151.86. Possible higher targets are 152.00 and 152.10 levels. For the bearish option, we need to break through the 151.00 level. Thus, we head towards a new daily low and get confirmation of the current downward momentum. Possible lower targets are 150.80 and 150.60 levels. The EMA200 moving average is located in the area around 150.30 levels.
