USD/CHF Technical Analysis: Reversal up sends USD/CHF back above 0.9920 level
|- USD/CHF fell to the 0.9900 support after which the currency pair managed to climb back up about 40 pips above the 0.9920 level.
- USD/CHF is back into the weekly range pretty much unchanged for the day and the week alike as bulls are having a hard time to breakout above the parity level.
- After the reversal up, bulls will try to break above the daily high at 0.9952 while bears will try to keep USD/CHF confined below the 200-period simple moving average.
USD/CHF 15-minute chart
USD/CHF daily chart
Spot rate: 0.9931
Relative change: -0.02%
High: 0.9952
Low: 0.9894
Trend: Bullish
Resistance 1: 0.9950 figure
Resistance 2: 0.9960-0.9970 area, supply level and July 27 high
Resistance 3: 0.9989-1.0000 area, June 15 high and parity
Resistance 4: 1.0043-1.0069 area, July 19 high and current 2018 high
Resistance 5: 1.0170 March 7, 2017 high
Resistance 6: 1.0343 December 15, 2016
Support 1 0.9920/25 area, August 3 low and daily 50 simple moving average
Support 2: 0.9900 figure
Support 3: 0.9867 July 31 low
Support 4: 0.9856 June 25 low
Support 5: 0.9788 June 7 swing low
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.