USD/CHF technical analysis: US Dollar gains upside traction against the Swiss franc

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  • USD/CHF is trading near 6-day high.
  • The level to beat for bulls is 0.9960 resistance.

USD/CHF daily chart

USD/CHF is consolidating below the parity level and the 200-daily simple moving average (DSMA).

USD/CHF 4-hour chart

USD/CHF is trading near 6-day high above its 50 SMA. 

USD/CHF 30-minute chart

The market is trading above its main SMAs suggesting potential bullish momentum in the near term. A break above 0.9960 resistance can drive the market up to the parity level. Support is seen at 0.9940 and 0.9900.  

Additional key levels

 

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