USD/CHF is trading up for the third consecutive day as the bulls managed to create a bullish reversal near the 0.9870 level. USD/CHF bulls are now trying to break through the 0.9950-0.9960 area as the gap between the 50, 100 and 200-period simple moving averages is widening, suggesting building bullish momentum. A breakout above the 0.9970 July 27 high, would be considered very bullish as it would open the gates to challenge the parity level and beyond. Market participants will pay close attention to the US Nonfarm Payrolls and the Average Hourly Earnings scheduled on Friday at 12:30 GMT. The news can greatly affect USD-denominated currency pairs. USD/CHF 15-minute chart Spot rate: 0.9954 Relative change: 0.34% High: 0.9957 Low: 0.9914 Trend: Bullish Resistance 1: 0.9950-0.9960 area, figure and supply level Resistance 2: 0.9970 July 27 high Resistance 3: 0.9989-1.0000 area June 15 high and parity Resistance 4: 1.0036 weekly high Resistance 5: 1.0069 current 2018 high Resistance 6: 1.0170 March 7, 2017 highResistance 7: 1.0343 December 15, 2016 Support 1: 0.9920-0.9930 zone, demand level and congestion zone Support 2: 0.9900 figure Support 3: 0.9867 July 31 low Support 4: 0.9856 June 25 low Support 5: 0.9788 June 7 swing low FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next GBP/USD Technical Analysis: Worst daily close since mid-July ahead of US NFP on Friday FX Street 5 years USD/CHF is trading up for the third consecutive day as the bulls managed to create a bullish reversal near the 0.9870 level. USD/CHF bulls are now trying to break through the 0.9950-0.9960 area as the gap between the 50, 100 and 200-period simple moving averages is widening, suggesting building bullish momentum. A breakout above the 0.9970 July 27 high, would be considered very bullish as it would open the gates to challenge the parity level and beyond. Market participants will pay close attention to the US Nonfarm Payrolls and the Average Hourly Earnings scheduled on Friday at 12:30 GMT. The… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
