USD/CHF technical analysis: There is room for more upside beyond 1.0120 resistance

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USD/CHF daily chart

USD/CHF is consolidating the losses seen at the start of May.

USD/CHF 4-hour chart

USD/CHF is consolidating below its 100 and 200 simple moving averages (SMAs) suggesting a neutral bias in the medium term.


USD/CHF 30-minute chart

The market will need to overcome the 1.0120 resistance to trades towards 1.0150 and 1.0170 levels. Support is at the 1.0080 and 1.0050 level.


Additional key levels

 

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