USD/CHF Technical Analysis: Swissy pulling back to 0.9920 after bullish attempt

USD/CHF exceeded the 0.9961, June 21 open, resistance by 2 pips to the upside earlier on Tuesday.
USD/CHF is now back in the 0.9920-0.9940 range of last week (yellow rectangle).
The bull momentum remains rather weak suggesting that USD/CHF is likely going to stick to the range in the next hours or having a retest of the 0.9900 level.

Flavio Tosti Independent Analyst

USD/CHF 15-minute chart

Spot rate: 0.9924
Relative change: 0.10%
High: 0.9963
Low: 0.9909

Trend: Neutral

Resistance 1: 0.9933 daily 50-period SMA
Resistance 2: 0.9950-0.9961 figure and June 21 open
Resistance 3: 0.9989-1.0000 area June 15 high and parity
Resistance 4: 1.0026 May 11 open
Resistance 5: 1.0056 current 2018 high

Support 1: 0.9920 intraday demand level
Support 2: 0.9900 figure
Support 3: 0.9856 June 25 low
Support 4: 0.9788 June 7 swing low

Author

Flavio Tosti

Independent Analyst

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