- USD/CHF consolidates gains for the fourth consecutive day.
- The level to beat for bulls is the 0.9900 resistance.
USD/CHF daily chart
USD/CHF is consolidating gains for the fourth consecutive session near the 200 SMA. The Fed extended its Quantitative Easing operation with a relatively negative reaction on the US dollar which has been consolidating against most currencies in recent days.
USD/CHF four-hour chart
USD/CHF’s uptrend stays intact as the spot is trading above the main SMAs. The quote is consolidating sideways near the 0.9800 figure. Buyers remain in control as a break above the 0.9900 figure can lead to a run to the parity level. Support can be expected near the 0.9750, 0.9700 and 0.9650 levels.
Resistance: 0.9900, 1.0000, 1.0050
Support: 0.9750, 0.9700, 0.9650
Additional key levels
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