USD/CHF Technical Analysis: Greenback bulls targeting the parity level

USD/CHF is trading in an uptrend above the 200-period simple moving average.
USD/CHF bulls are trying to break above 0.9986 (August high). A break above the level would expose the important psychological parity level and then 1.0068 (July 13 high).
A break below 0.9900 would likely invalidate the current bullish bias.

Flavio Tosti Independent Analyst

USD/CHF 4-hour chart

Spot rate: 0.9966
Relative change: 0.07%
High: 0.9981
Low: 0.9938

Main trend: Bullish

Resistance 1: 0.9986 August high
Resistance 2: 1.0000 parity level
Resistance 3: 1.0068 July 13 high

Support 1: 0.9950 figure
Support 2: 0.9891 October 4 low
Support 3: 0.9868 July 31 low
Support 4: 0.9820 August 25 low
Support 5: 0.9807 August 22 low
Support 6: 0.9788 June 7 swing low (key level)
Support 7: 0.9768 September 4 swing high

Author

Flavio Tosti

Independent Analyst

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