- USD/CHF found resistance just below the daily 50-period simple moving average at 0.9933.
- The 50-period SMA crossed above the 100-period SMA (15-minute chart) suggesting that the momentum is switching to bullish in the near-term.
- Resistances to the upside are seen near the daily 50-period SMA at 0.9933 and near the 0.9950-0.9961 area, figure and June 21 open.
USD/CHF 15-minute chart
Spot rate: 0.9915
Relative change: 0.26%
High: 0.9931
Low: 0.9857
Trend: Neutral
Resistance 1: 0.9933 daily 50-period SMA
Resistance 2: 0.9950-0.9961 figure and June 21 open
Resistance 3: 0.9989-1.0000 area June 15 high and parity
Resistance 4: 1.0026 May 11 open
Resistance 5: 1.0056 current 2018 high
Support 1: 0.9900 figure
Support 2: 0.9856 June 25 low
Support 3: 0.9788 June 7 swing low