USD/CHF technical analysis: There is room for more upside beyond 1.0120 resistance
|USD/CHF daily chart
USD/CHF is consolidating the losses seen at the start of May.
USD/CHF 4-hour chart
USD/CHF is consolidating below its 100 and 200 simple moving averages (SMAs) suggesting a neutral bias in the medium term.
USD/CHF 30-minute chart
The market will need to overcome the 1.0120 resistance to trades towards 1.0150 and 1.0170 levels. Support is at the 1.0080 and 1.0050 level.
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.