USD/CHF Technical Analysis: The path of least resistance is to the upside

Flavio Tosti Independent Analyst

USD/CHF daily chart

USD/CHF is trading above the 50-day simple moving average (SMA) and the parity level.
As mentioned, the 1.0020 and 1.0035 resistances got hit.

USD/CHF 4-hour chart

The 50 SMA crossed above the 200 SMA.

USD/CHF 30-minute chart

USD/CHF is trading near its daily highs as the market is trading above its main SMAs.
The path of least resistance is to the upside. The next resistances are seen at 1.0050, 1.0060 and 1.0070 level.
Support is at 1.0020 and 1.0000 level.

Additional key levels

USD/CHF

Overview
Today last price	1.0034
Today Daily Change	0.0010
Today Daily Change %	0.10
Today daily open	1.0024

Trends
Daily SMA20	0.9976
Daily SMA50	1.0009
Daily SMA100	0.9961
Daily SMA200	0.9926

Levels
Previous Daily High	1.0037
Previous Daily Low	0.9997
Previous Weekly High	1.0047
Previous Weekly Low	0.9977
Previous Monthly High	1.0125
Previous Monthly Low	0.9894
Daily Fibonacci 38.2%	1.0012
Daily Fibonacci 61.8%	1.0022
Daily Pivot Point S1	1.0002
Daily Pivot Point S2	0.9979
Daily Pivot Point S3	0.9962
Daily Pivot Point R1	1.0042
Daily Pivot Point R2	1.0059
Daily Pivot Point R3	1.0082

Author

Flavio Tosti

Independent Analyst

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