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

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