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  • USD/CHF prints another 2020 high and retraces down in the New York session.
  • Bears are challenging the 0.9830 level. 
 

USD/CHF daily chart

 
After hitting yet again a new 2020 high, USD/CHF is easing from session highs. The spot is trading below the 200-day simple moving averages suggesting an overall bearish momentum in the long term.
 

USD/CHF four-hour chart

 
Dollar/Swiss is trading in a rising wedge while challenging the 0.9830 support. Bears want a daily close below the 0.9830 level and the trendline and target the 0.9800 and 0.9770 levels. On the flip side bulls remain in control for now and are looking for a daily break above the 0.9850 level to hit 0.9870 and the 0.9900 figure. 
 
 
Resistance: 0.9850, 0.9870, 0.9900
Support: 0.9830, 0.9800, 0.9770
 

Additional key levels

 

Expert score

5

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