USD/CHF Technical Analysis: US Dollar currently supported at 0.9840 level
|- USD/CHF failed to break above Tuesday’s high and fell back near the 0.9840 level former congestion zone on Tuesday and near Monday’s low. The level is an important support and a bear breakout can open the gates towards 0.9788 last week’s low.
- A reversal up from the current level would likely see a retest of the 0.9862 level with the 200-period simple moving average on the 15-minute chart.
Spot rate: 0.9848
Relative change: -0.21%
High: 0.9896
Low: 0.9840
Trend: Neutral to bullish
Resistance 1: 0.9862, 200-period SMA (15m)
Resistance 2: 0.9896 current Wednesday’s high
Resistance 3: 0.9884 May 29 swing high
Support 1: 0.9829-0.9840 Tuesday’s low and former congestion zone
Support 2: 0.9788 last week’s low
Support 3: 0.9700 figure
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.