USD/CHF Technical Analysis: USD/CHF bulls breaking above 0.9800 figure

  • USD/CHF is trending up as it is trading above its 50 and 200-day simple moving average.
  • USD/CHF is trading well above its 50, 100 and 200-period simple moving average while the RSI, MACD and Stochastics indicators are in bullish mode, suggesting continued strength on USD/CHF.
  • USD/CHF targets are located near 0.9868(July 31 low) and 0.9984 (August 15 high). A bear breakout below 0.9700 would invalidate the current bullish momentum. 

USD/CHF 4-hour chart

Spot rate:                       0.9818
Relative change:            0.45%     
High:                              0.9818
Low:                               0.9737

Main trend:                    Bullish

Resistance 1:                0.9807 August 22 low 
Resistance 2:                0.9820 August 25 low
Resistance 3:                0.9868 July 31 low
Resistance 4:                0.9984 August 15 high

Support 1:                     0.9788 June 7 swing low (key level)
Support 2:                     0.9768 September 4 swing high
Support 3:                     0.9745-47, August 28 low, 200-day simple moving average
Support 4:                     0.9700 figure

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. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Feed news

Latest Forex News

Editors’ Picks

EUR/USD crashes to new 2020 lows amid ECB dovishness, coronavirus fears

EUR/USD is trading below 1.1050, at the lowest since early December. ECB President Christine Lagarde refrained from acknowledging the recent economic improvement. Fears of the spread of the coronavirus are weighing on markets.


GBP/USD pressured toward 1.31 amid risk-off mood

GBP/USD is trading around 1.31, off the highs. Coronavirus headlines are sending traders to the safety of the US dollar. Speculation about the next BOE move is rife.


Top 3 Price Prediction Bitcoin, Ethereum, XRP: Set for a dive before the next big bull market

The first initiative comes from WhatsApp. Users of Facebook’s popular instant messaging application will be able to exchange Ether among themselves and other tokens that function over the ERC20 protocol.

Read more

Gold Bears challenge 100-period SMA support on 4-hourly chart

Gold failed to capitalize on the overnight intraday bounce and started retreating from the vicinity of a one-week-old ascending trend-channel support breakpoint.

Gold News

USD/JPY drops to fresh eight-day lows near 109.50

USD/JPY extends losses and trades close to an eight-day low near 109.50 in a relatively risk-off environment, with the media headlines full of the coronavirus as it spreads internationally. Bears can look to the golden ratio around mid-108s.