USD/CHF Technical Analysis: Swissy at daily highs flirting with parity level

USD/CHF is now less than 20 pips away from the parity level. Bulls need to overcome the 0.9989-1.0000 area, the 200-period simple moving average and the bullish trendline from July 9.
A breakout above the parity level would target 1.0026 weekly high and 1.0069, current 2018 high while near-term support is seen near 0.9950-0.9961 area figure and June 21 open.

Flavio Tosti Independent Analyst

USD/CHF 15-minute chart

Spot rate: 0.9988
Relative change: 0.22%
High: 0.9991
Low: 0.9926

Trend: Bullish

Resistance 1: 0.9989-1.0000 area June 15 high and parity
Resistance 2: 1.0026 weekly high
Resistance 3: 1.0069 current 2018 high
Resistance 4: 1.0170 March 7, 2017 high
Resistance 5: 1.0343 December 15, 2016

Support 1: 0.9950-0.9961 figure and June 21 open
Support 2: 0.9936 daily 50-period SMA
Support 3: 0.9920 intraday demand level
Support 4: 0.9900 figure
Support 5: 0.9856 June 25 low
Support 6: 0.9788 June 7 swing low

Author

Flavio Tosti

Independent Analyst

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