Home USD/CHF Technical Analysis: US Dollar bulls landing on the parity level after two-months bull-run
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USD/CHF Technical Analysis: US Dollar bulls landing on the parity level after two-months bull-run

  • 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%      
High:                               1.0019
Low:                               0.9955

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

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