Home USD/CHF Technical Analysis: Pulling back up to 0.9900 resistance
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USD/CHF Technical Analysis: Pulling back up to 0.9900 resistance

  • USD/CHF is having a pullback from Monday’s drop to the 0.9900 resistance and the 200-period simple moving average (SMA).  
  • The 50 SMA has crossed above the 100 SMA suggesting that bears will need to work twice as hard in order to resume the bear trend. Failure to successfully break below the 0.9900 level can lead to an extension of the pullback towards 0.9920 supply level.
  • Bears objective will be to first reconquer the 0.9873 June 22 low and then to the 0.9856 June 25 low.

USD/CHF 15-minute chart

Spot rate:                  0.9899
Relative change:       0.18%      
High:                         0.9906
Low:                          0.9867

Trend:                       Neutral to bearish  

Resistance 1:           0.9900 figure
Resistance 2:           0.9920-0.9930 zone, demand level and congestion zone
Resistance 3:           0.9950-0.9961 area, figure and June 21 open
Resistance 4:           0.9989-1.0000 area June 15 high and parity
Resistance 5:           1.0036 weekly high
Resistance 6:           1.0069 current 2018 high
Resistance 7:           1.0170 March 7, 2017 high
Resistance 8:           1.0343 December 15, 2016

Support 1:                0.9873 June 22 low
Support 2:                0.9856 June 25 low
Support 3:                0.9788 June 7 swing low

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