Home USD/CHF Technical Analysis: Head-and-Shoulders can send Greenback down against Swiss Franc

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USD/CHF Technical Analysis: Head-and-Shoulders can send Greenback down against Swiss Franc

FX Street

Published date: 8 Apr. 2019 | 18:37

USD/CHF daily chart

USD/CHF is currently capped by the 50 SMA near the parity level.

USD/CHF 4-hour chart

USD/CHF is capped by the 200 SMA.

USD/CHF 30-minute chart

The head-and-shoulders pattern below the 1.0005 resistance can potentially send the market down.
Bears can expect support near 0.9975, 0.9950 and 0.9935 level.
On the way up, resistance is at 1.0005 (strong), 1.0020 and 1.0035 level.

Additional key levels

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