USD/CHF Asia Price Forecast: Greenback holds above 0.9700 vs. Swiss franc

USD/CHF’s bull trend remains intact as the spot holds above the 0.9700 figure.
The level to beat for bulls is the 0.9800 resistance.

Flavio Tosti Independent Analyst

USD/CHF daily chart

USD/CHF is trading below the 100 and 200 SMA on the daily chart as the market is consolidating the last leg up.

USD/CHF four-hour chart

USD/CHF is trading above the 50/200 SMAs on the four-hour chart leaving the bull trend intact as bulls will be looking for a break above the 0.9800 handle en route towards the 0.9900 figure while support is expected to emerge near the 0.9700 and 0.9600 levels on the way down.

Additional key levels

USD/CHF

Overview
Today last price	0.972
Today Daily Change	0.0026
Today Daily Change %	0.27
Today daily open	0.9694

Trends
Daily SMA20	0.9662
Daily SMA50	0.9677
Daily SMA100	0.9735
Daily SMA200	0.9809

Levels
Previous Daily High	0.9793
Previous Daily Low	0.9686
Previous Weekly High	0.9796
Previous Weekly Low	0.9502
Previous Monthly High	0.9902
Previous Monthly Low	0.9183
Daily Fibonacci 38.2%	0.9727
Daily Fibonacci 61.8%	0.9752
Daily Pivot Point S1	0.9655
Daily Pivot Point S2	0.9617
Daily Pivot Point S3	0.9548
Daily Pivot Point R1	0.9763
Daily Pivot Point R2	0.9832
Daily Pivot Point R3	0.9871

Author

Flavio Tosti

Independent Analyst

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