USD/CHF slipped below the parity level as the week started. It is now trading below its 50, 100 and 200-period simple moving averages. However, USD/CHF is finding some support from the bullish trendline (dotted line) and a clear breakout below it and the 0.9950-0.9961 area would be needed to confirm a bearish bias. The parity level becomes now the major resistance to the upside for bulls to overcome while bears will try to drive the market below 0.9950-0.9961 area, figure and June 21 open. USD/CHF 15-minute chart Spot rate: 0.9968 Relative change: -0.49% High: 1.0026 Low: 0.9962 Trend: Neutral Resistance 1: 0.9989-1.0000 area June 15 high and parity Resistance 2: 1.0026 May 11 open Resistance 3: 1.0069 current 2018 high Resistance 4: 1.0170 March 7, 2017 highResistance 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. View All Post By FX Street FXStreet News share Read Next DXY rally is overbought with glaring divergence – UOB FX Street 5 years USD/CHF slipped below the parity level as the week started. It is now trading below its 50, 100 and 200-period simple moving averages. However, USD/CHF is finding some support from the bullish trendline (dotted line) and a clear breakout below it and the 0.9950-0.9961 area would be needed to confirm a bearish bias. The parity level becomes now the major resistance to the upside for bulls to overcome while bears will try to drive the market below 0.9950-0.9961 area, figure and June 21 open. USD/CHF 15-minute chart Spot rate: … Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
