Home USD/CHF Technical Analysis: Greenback gaining ground against Swissy for the second consecutive day
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USD/CHF Technical Analysis: Greenback gaining ground against Swissy for the second consecutive day

  • USD/CHF is trading near its daily highs close to the 0.9950 level as the currency pair is trading higher for the second consecutive day.
  • The momentum is bullish and the next resistances are likely located near  the 0.9961 level, June 21 open and the 0.9989-1.0000 area, the June 15 high and parity level.
  • A correction lower can see USD/CHF reach the 0.9927 intraday swing high in the short-term.  

USD/CHF 15-minute chart

Spot rate:                   0.9946
Relative change:         0.35%      
High:                          0.9953
Low:                           0.9890

Trend:                        Bullish

Resistance 1: 0.9961 June 21 open
Resistance 2: 0.9989-1.0000 area  June 15 high and parity
Resistance 3: 1.0042 May 15 high  

Support 1: 0.9927 intraday swing high
Support 2: 0.9900 figure
Support 3: 0.9870 congestion zone

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