- USD/CHF is in a bull trend as the market broke above the 100-day simple moving average on the daily time-frame (not shown).
- USD/CHF is testing the 0.9900 figure as it broke above 0.9868 resistance (July 31 low) which has now turned support. The market is set to continue to trend up but small pullbacks to 0.9868 can be on the cards.
- Targets to the upside can be located near 0.9984 (August 15 high) and 1.0000 (parity level)
USD/CHF 4-hour chart
Spot rate: 0.9894
Relative change: 0.57%
High: 0.9898
Low: 0.9832
Main trend: Bullish
Resistance 1: 0.9984 August 15 high
Resistance 2: 1.0000 parity level
Resistance 3: 1.0068 July 13 high
Support 1: 0.9868 July 31 low
Support 2: 0.9820 August 25 low
Support 3: 0.9807 August 22 low
Support 4: 0.9788 June 7 swing low (key level)
Support 5: 0.9768 September 4 swing high
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