- USD/CHF is in a bull trend above the 200-period simple moving average on the 4-hour chart.
- USD/CHF reached the parity level which is a key psychological figure. Bulls would ideally need to close above the level on a daily basis in order to keep the momentum intact.
- The bulls remain in control and a break of the parity level should open the door to 1.0068 (July 13 high) and 1.0100 figure.
USD/CHF 4-hour chart
Spot rate: 1.0008
Relative change: 0.22%
Main trend: Bullish
Resistance 1: 1.0000 parity level
Resistance 2: 1.0068 July 13 high
Resistance 3: 1.0100 figure
Support 1: 0.9986 August high
Support 2: 0.9950 figure
Support 3: 0.9891 October 4 low
Support 4: 0.9868 July 31 low