USD/CHF Technical Analysis: The path of least resistance is to the upside

FX Street

Updated: 15 Apr. 2019 | 16:12

USD/CHF daily chart

USD/CHF is trading above the 50-day simple moving average (SMA) and the parity level.
As mentioned, the 1.0020 and 1.0035 resistances got hit.

USD/CHF 4-hour chart

The 50 SMA crossed above the 200 SMA.

USD/CHF 30-minute chart

USD/CHF is trading near its daily highs as the market is trading above its main SMAs.
The path of least resistance is to the upside. The next resistances are seen at 1.0050, 1.0060 and 1.0070 level.
Support is at 1.0020 and 1.0000 level.

Additional key levels

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