Search ForexCrunch
  • USD/CHF main bear trend is having a pullback up.
  • USD/CHF rebounded near the 0.9550 level and the bulls are likely targeting the 0.9580-0.9600 zone (April 17 low and figure) near the 50-period simple moving average.
  • The RSI, MACD and Stochastics indicators are constructive to the upside but USD/CHF remains vulnerabe to the downside.    

USD/CHF 4-hour chart

Spot rate:                       0.9622
Relative change:             0.35%      
High:                              0.9626
Low:                               0.9578

Main trend:                    Bearish
Short-term:                    Bullish

Resistance 1:                0.9650 August 29 low  
Resistance 2:                0.9700 figure
Resistance 3:                0.9745-47, August 28 low, 200-day simple moving average
Resistance 4:                0.9768 September 4 swing high
Resistance 5:                0.9788 June 7 swing low (key level)
Resistance 6:                0.9807 August 22 low  
Resistance 7:                0.9820 August 25 low

Support 1:                     0.9580-0.9600 April 17 low, figure
Support 2:                     0.9550 figure
Support 3:                     0.9500 figure
Support 4:                     0.9400 figure