Home USD/CHF Price Analsyis: Greenback nearing April’s highs, trades around 0.9750 level
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USD/CHF Price Analsyis: Greenback nearing April’s highs, trades around 0.9750 level

FX Street
Published date:
  • USD/CHF breaks above 0.9740 resistance while nearing April’s highs.
  • USD/CHF grinds up but remains trapped within familiar ranges.

 

USD/CHF daily chart

 
 
USD/CHF is trading below 200 SMA on the daily chart but rising above the 100/200 SMAs suggesting a confusing picture on dollar/swiss as the market remains choppy in April. 
 

USD/CHF four-hour chart

 
Dollar/Swiss broke above the 0.9740 resistance while above its main SMAs on the four-hour chart, suggesting a positive bias in the medium term. The break above the 0.9740 level can yield further advances towards the 0.9800 figure, 0.9850 and 0.9900 mark. Support can emerge near 0.9740 turning support, 0.9700 and 0.9650 levels. 
  

Additional key levels 

 

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