USD/CHF technical analysis: Greenback is back after the pullback down to 1.0050 support
|USD/CHF daily chart
USD/CHF is consolidating the recent losses for the second day in a row above 1.0050 and the 50 SMA.
USD/CHF is consolidating below its main SMAs suggesting a bearish bias in the medium term.
USD/CHF 30-minute chart
The market is in a range above the 1.0050 level and the 100 SMA. In order to get out the woods bullish investors will need to break above 1.0100/1.0120 to reach 1.0150 and 1.0170 price levels.
Support is at 1.0050/60 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.