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  • USD/CHF main bear trend is on hold.
  • USD/CHF has rebounded from the 0.9600 figure and is now in consolidation mode between the 0.9700 and 0.9650 level.  
  • The RSI, MACD and Stochastics indicators are bullish suggesting that the bullish pullback is not over yet and more consolidation in the 0.9700-09650 band is to come before the next directional move.

USD/CHF 4-hour chart

Spot rate:                       0.9669
Relative change:            0.24%      
High:                              0.9701
Low:                               0.9632

Main trend:                    Bearish
Short-term trend:           Bullish  

Resistance 1:                0.9700 figure
Resistance 2:                0.9745-47, August 28 low, 200-day simple moving average
Resistance 3:                0.9768 September 4 swing high
Resistance 4:                0.9788 June 7 swing low (key level)
Resistance 5:                0.9807 August 22 low  
Resistance 6:                0.9820 August 25 low

Support 1:                     0.9650 August 29 low  
Support 2:                     0.9580-0.9600 April 17 low, figure
Support 3:                     0.9500 figure
Support 4:                     0.9400 figure