- USD/CHF is back below the parity after USD/CHF printed a new weekly high at 1.0036.
- USD/CHF bullish momentum is slowing down significantly as USD/CHF is trading below the 50 and 100-period simple moving average and the 1.0000 level.
- A strong bear breakout below 0.9989 and the 200-period SMA can open the gates to more losses towards 0.9935, the daily 50-period SMA.
USD/CHF 15-minute chart
Spot rate: 0.9995
Relative change: -0.06%
High: 1.0036
Low: 0.9983
Trend: Bullish / bearish pullback
Resistance 1: 0.9989-1.0000 area June 15 high and parity
Resistance 2: 1.0036 weekly high
Resistance 3: 1.0069 current 2018 high
Resistance 4: 1.0170 March 7, 2017 high
Resistance 5: 1.0343 December 15, 2016
Support 1: 0.9950-0.9961 figure and June 21 open
Support 2: 0.9935 daily 50-period SMA
Support 3: 0.9920 intraday demand level
Support 4: 0.9900 figure
Support 5: 0.9856 June 25 low
Support 6: 0.9788 June 7 swing low