USD/CHF Technical Analysis: Greenback dropping below 0.9920 level against CHF
|- USD/CHF failed to breakout above the parity level on Thursday and USD/CHF got sold in the Asian session trading now below 0.9924 June 26 high.
- USD/CHF is trading below its main simple moving averages and there is no sign that the correction has ended yet.
- The next scaling points to the downside are seen near the 0.9900 figure and 0.9870 congestion zone.
Spot rate: 0.9917
Relative change: -0.59%
High: 0.9982
Low: 0.9913
Trend: Bearish correction
Resistance 1: 0.9924 June 26 high
Resistance 2: 0.9961 June 21 open
Resistance 3: 0.9989-1.0000 area June 15 high and parity
Resistance 4: 1.0026 May 11 open
Resistance 5: 1.0056 current 2018 high
Support 1: 0.9900 figure
Support 2: 0.9870 congestion zone
Support 3: 0.9855 June 25 low
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