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  • USD/CHF dips below the 0.9700 level but holds above the 200 SMA on the four-hour chart.
  • The level to beat for bulls is the 0.9700 resistance.
 
 

USD/CHF daily chart

 
 
USD/CHF is trading below the main SMAs on the daily chart as the spot is consolidating the last bullish up to the 0.9800 figure. 
 

USD/CHF four-hour chart

 
USD/CHF is trading above the 0.9600 figure and the 200 SMA on the four-hour chart suggesting bullish momentum in the medium term. Bulls would need to reclaim the 0.9700 figure to target the 0.9800 level. Support is expected near 0.9600, 0.9550 and 0.9500 levels. 
  

Additional key levels