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USD/CHF Technical Analysis: USD/CHF falls to 2.5-week’s low

  • 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  

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