Search ForexCrunch
  • USD/CHF is trading in a tight trading range between 0.9900 and 0.9950 for the third day in a row as traders are awaiting the FOMC minutes at 18:00 GMT.  
  • USD/CHF is in breakout mode and the news should provide some clues as to what is going to be next directional move.  
  • USD/CHF might have a slight bullish bias as it is trading near a bullish trendline on the daily time-frames suggesting the pair can see some fresh demand.  

USD/CHF 15-minute chart

Spot rate:                  0.9928
Relative change:       0.02%      
High:                         0.9941
Low:                          0.9909

Trend:                        Neutral to bullish above 0.9900

Resistance 1:           0.9950-0.9961 figure and June 21 open
Resistance 2:           0.9989-1.0000 area June 15 high and parity
Resistance 3:           1.0026 May 11 open
Resistance 4:           1.0056 current 2018 high

Support 1:                0.9910 current Thursday’s low
Support 3:                0.9856 June 25 low
Support 4:                0.9788 June 7 swing low