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USD/CHF Technical Analysis: Greenback bulls stopped before parity after two-day advance

  • USD/CHF is consolidating the gains made in the last two days.  
  • USD/CHF bulls are trying to breakout above the parity level for the second time this month. The previous time was in mid-June were their attempt failed.
  • The current momentum is bullish and bulls will need to overcome 1.0000 in order to reach the current 2018 high located at 1.0056.  

USD/CHF 15-minute chart

Spot rate:                  0.9973
Relative change:       0.00%      
High:                         0.9993
Low:                           0.9959

Trend:                        Bullish

Resistance 1:            0.9989-1.0000 area June 15 high and parity
Resistance 2:            1.0026  May 11 open
Resistance 3:            1.0056 current 2018 high

Support 1:                 0.9961 June 21 open
Support 2:                 0.9924 June 26 high
Support 3:                  0.9900 figure
Support 4:                  0.9870 congestion zone

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