Home USD/CHF Technical Analysis: Swissy at daily highs flirting with parity level
FXStreet News

USD/CHF Technical Analysis: Swissy at daily highs flirting with parity level

  • USD/CHF is now less than 20 pips away from the parity level. Bulls need to overcome the 0.9989-1.0000 area, the 200-period simple moving average and the bullish trendline from July 9.  
  • A breakout above the parity level would target 1.0026 weekly high and 1.0069, current 2018 high while near-term support is seen near 0.9950-0.9961 area figure and June 21 open.

 USD/CHF 15-minute chart

Spot rate:                  0.9988
Relative change:       0.22%      
High:                          0.9991
Low:                          0.9926

Trend:                        Bullish

Resistance 1:           0.9989-1.0000 area June 15 high and parity
Resistance 2:           1.0026 weekly high
Resistance 3:           1.0069 current 2018 high
Resistance 4:           1.0170 March 7, 2017 high
Resistance 5:           1.0343 December 15, 2016

Support 1:                0.9950-0.9961 figure and June 21 open
Support 2:                0.9936 daily 50-period SMA  
Support 3:                0.9920 intraday demand level
Support 4:                0.9900 figure
Support 5:                0.9856 June 25 low
Support 6:                0.9788 June 7 swing low

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.