USD/CHF maintains a neutral stance while holding a positive outlook
- USD/CHF surpasses the 0.9050 zone, marking a breakthrough in this resistance.
- The RSI remains in positive territory, approaching the 58.20 level, sustaining a bullish momentum.
- The currency pair is making efforts to reach the 0.9100 level, following three days of gains.
The USD/CHF pair has maintained a neutral stance on Friday but with a positive outlook as it recently surpassed the resistance at the 0.9050 zone and maintains its bullish momentum for the short term. On the daily chart, the Relative Strength Index (RSI) remains in positive territory and is approaching the 58.20 level, while the Moving Average Convergence Divergence (MACD) continues to print green bars. Over the past four days, the pair has shown consistent gains and is striving to reach the 0.9135 level (100-day Simple Moving Average). In that sense, the USD/CHF holds a neutral to bullish bias outlook for the short term.
Levels to watch
If the pair continues to gain momentum, the following resistance levels come into play: first, at the 0.9080 zone, followed by the 0.9100 level, and at the mentioned 0.9135 level. Conversely, immediate support for USD/CHF can be found at the 0.9050 zone level, followed by the 0.9000 level and the 20-day Simple Moving Average (SMA) at 0.8950.
Author
Patricio Martín
FXStreet
Patricio is an economist from Argentina passionate about global finance and understanding the daily movements of the markets.
