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USD/CHF Price Analysis: Greenback up, trades above 0.9700 figure vs. Swiss franc

  • Broad-based USD demand keeps USD/CHF supported above 0.9700 level. 
  • The level to beat for bulls is the 0.9750 figure. 
 

USD/CHF daily chart

 
USD/CHF is holding above the 0.9700 handle and the 50 and 100 SMAs but below the 200 SMA on the daily chart. 
 

USD/CHF four-hour chart

 
USD/CHF eased from the May highs while trading above the 0.9700 figure and the main SMAs on the four-hour chart. Bulls remain in control with an eye on the 0.9750 resistance and a retest of the 0.9800 figure near the April highs. On the flip side, support can emerge near the 0.9700 figure and the 0.9650 level.
 

Additional key levels 

USD/CHF

Overview
Today last price0.9709
Today Daily Change0.0000
Today Daily Change %0.00
Today daily open0.9709
 
Trends
Daily SMA200.9698
Daily SMA500.9649
Daily SMA1000.9691
Daily SMA2000.9788
 
Levels
Previous Daily High0.9739
Previous Daily Low0.9681
Previous Weekly High0.9784
Previous Weekly Low0.9609
Previous Monthly High0.9803
Previous Monthly Low0.9595
Daily Fibonacci 38.2%0.9703
Daily Fibonacci 61.8%0.9717
Daily Pivot Point S10.9681
Daily Pivot Point S20.9652
Daily Pivot Point S30.9623
Daily Pivot Point R10.9738
Daily Pivot Point R20.9767
Daily Pivot Point R30.9796

Author

Flavio Tosti

Flavio Tosti

Independent Analyst

 

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