USD/CHF Technical Analysis: Move towards YTD tops, and beyond, now looks a distinct possibility

   •  The pair built on the overnight bullish breakthrough one-month-old trading range, with persistent USD buying interest providing an additional boost on Friday.

   •  Short-term technical indicators are gradually picking up the pace and remain supportive of an extension of the ongoing positive momentum.

   •  Bulls might now be looking to test YTD tops, set in May, before eventually aiming to test 61.8% Fibonacci expansion level of the April-May upswing and subsequent retracement.

USD/CHF daily chart

Spot rate: 1.0041
Daily Low: 1.0015
Trend: Bullish

R1: 1.0057 (YTD tops set on May 10)
R2: 1.0082 (R2 daily pivot-point)
R3: 1.0117 (61.8% Fibo. expansion)

S1: 1.0015 (current day swing low)
S2: 0.9990 (trading range resistance break-point)
S3: 0.9970 (S1 daily pivot-point)

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.