Home USD/CHF Price Analysis: Greenback challenges 0.9692 resistance vs. Swiss franc
FXStreet News

USD/CHF Price Analysis: Greenback challenges 0.9692 resistance vs. Swiss franc

FX Street
Published date:
  • USD/CHF is challenging the 0.9692 resistance as the greenback is recovering across the board.
  • Support is seen at the 0.9647 and 0.9616 levels.  
 

USD/CHF daily chart

 
USD/CHF is bouncing off multi-month lows while trading well below the main daily simple moving averages.
 

USD/CHF four-hour chart

 
As the greenback is recovering across the board the market might try to break above the 0.9692 resistance and above the 50/100 SMAs. If the bulls gather enough steam they could reach the 0.9742/63 resistance zone, according to the Technical Confluences Indicator. Support is seen at the 0.9647 and 0.9616 levels.
 

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.

WARNING: The content on this site should not be considered investment advice and we are not authorised to provide investment advice. Nothing on this website is an endorsement or recommendation of a particular trading strategy or investment decision.  The information on this website is general in nature, so you must consider the information in light of your objectives, financial situation and needs. Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence or obtain advice where necessary. Crypto promotions on this site do not comply with the UK Financial Promotions Regime and is not intended for UK consumers. This website is free for you to use but we may receive a commission from the companies we feature on this site.

© forexcrunch.com All Rights Reserved 2017 – 2026