USD/CHF technical analysis: Greenback is back after the pullback down to 1.0050 support

USD/CHF daily chart
USD/CHF is consolidating the recent losses for the second day in a row above 1.0050 and the 50 SMA.
USD/CHF is consolidating below its main SMAs suggesting a bearish bias in the medium term.
The market is in a range above the 1.0050 level and the 100 SMA. In order to get out the woods bullish investors will need to break above 1.0100/1.0120 to reach 1.0150 and 1.0170 price levels.
Support is at 1.0050/60 levels.
Author

Flavio Tosti
Independent Analyst




















