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

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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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