News

USD/CHF technical analysis: Greenback bulls challenge the 0.9900 handle

  • USD/CHF is picking up some steam as the greenback is gaining momentum.
  • Immediate support is at 0.9870 and 0.9855.

USD/CHF daily chart

USD/CHF is in a bull leg below the main daily simple moving average (DSMA). The market is currently erasing its intraday losses. 

USD/CHF 4-hour chart
 

USD/CHF is challenging the 0.9900 handle and the 200 SMA. If broken the next resistance is seen at 0.9935 according to the Technical Confluences Indicator.


USD/CHF 30-minute chart

USD/CHF is trading between the 50 and 100 SMAs suggesting a consolidation in the near term. Support is seen at 0.9870 and 0.9855, according to the Technical Confluences Indicator. 


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.