News

USD/CHF Price Analysis: US dollar bulls nearing 0.9700 handle vs. Swiss franc

  • USD/CHF is trading up for the third consecutive day. 
  • The level to beat for bulls is the 0.9700 resistance.
 
 

USD/CHF daily chart

 
 
USD/CHF is rebounding from the 0.9500 level while challenging the 50 SMA on the daily chart. DXY (US dollar index) is gaining some ground vs. most of its rivals.  
 

USD/CHF four-hour chart

 
The spot is about to challenge the 0.9700 figure while trading above the 100/200 SMAs on the four-hour chart. A break beyond the above-mentioned level would be necessary for bulls to extend the current bull move towards the 0.9800 and 0.9900 price levels on the way up. Support can emerge near the 0.9600, 0.9550 and 0.9500 price levels on any retracement.
 
 

Additional key levels 

 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.