- USD/CHF fell about 55 pips this Monday breaking below a 2-month’s old bullish trendline and almost reached the 0.9873 support.
- USD/CHF is currently having a small pullback from today’s drop. The 0.9900 level and 0.9920-0.9930 zone should now act as resistances.
- A breakout below 0.9873 should lead near 0.9856 and 0.9788 support.
USD/CHF 15-minute chart
Spot rate: 0.9883
Relative change: -0.62%
High: 0.9957
Low: 0.9877
Trend: Neutral to bearish
Resistance 1: 0.9900 figure
Resistance 2: 0.9920-0.9930 zone, demand level and congestion zone
Resistance 3: 0.9950-0.9961 area, figure and June 21 open
Resistance 4: 0.9989-1.0000 area June 15 high and parity
Resistance 5: 1.0036 weekly high
Resistance 6: 1.0069 current 2018 high
Resistance 7: 1.0170 March 7, 2017 high
Resistance 8: 1.0343 December 15, 2016
Support 1: 0.9873 June 22 low
Support 2: 0.9856 June 25 low
Support 3: 0.9788 June 7 swing low
USD/CHF daily chart