- USD/CHF is in a bull trend as the market is trading above the 100 and 200-period simple moving averages (SMA).
- However, bulls are starting to lose steam below the 0.9950 resistance as the RSI, MACD and Stochastic indicators are weakening. The pullback down is likely to continue with a first objective at 0.9807 (August 22 low) followed by 0.9788 (June 7 swing low key level).
- A bull breakout above 0.9950 on a daily closing basis would likely see the continutation of the bull trend.
Spot rate: 0.9871
Relative change: -0.45%
High: 0.9921
Low: 0.9847
Main trend: Bullish
Short-term trend: Bearish pullback below 0.9950
Resistance 1: 0.9891 October 4 low
Resistance 2: 0.9950 figure
Resistance 3: 1.0000 parity level
Resistance 4: 1.0068 July 13 high
Support 1: 0.9868 July 31 low
Support 2: 0.9820 August 25 low
Support 3: 0.9807 August 22 low
Support 4: 0.9788 June 7 swing low (key level)
Support 5: 0.9768 September 4 swing high
Share
