Home USD/CHF Technical Analysis: Stalemate can favor the bulls
FXStreet News

USD/CHF Technical Analysis: Stalemate can favor the bulls

USD/CHF daily chart

  • USD/CHF is capped by the 50 SMA near the parity level.
  • USD/CHF has been in a range for the last weeks trying to find a clear direction.

USD/CHF 4-hour chart

  • The 200 SMA is offering resistance to the upside.


USD/CHF 30-minute chart

  • The market is trading above its 200 SMA  suggesting bullish momentum in the short-term.
  • The bulls have now the advantage and the level to beat is 1.0005. The next resistances are seen at 1.0020 and 1.0035 level.  
  • On the way down, support is seen near 0.9975, 0.9950 and 0.9935 level.


Additional key levels

 

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.