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  • USD/CHF is in a bull trend but has met significant resistance at 0.9868 July 31 low and near the 100-day simple moving average (not shown).
  • USD/CHF broke above the 50, 100 and 200-period simple moving averages (SMA) while the 50 SMA crossed above the 100 SMA, suggesting bullish momentum. The RSI and Stochastics indicators are oversold while the MACD is turning lower.
  • All suggesting that the market can pullback down below the 0.9868 resistance towards 0.9820 (August 25 low) and 0.9807 (August 22 low) in the short-term    

USD/CHF 4-hour chart

Spot rate:                       0.9844
Relative change:            0.03%      
High:                              0.9854
Low:                               0.9828

Main trend:                    Bullish

Resistance 1:                0.9868 July 31 low
Resistance 2:                0.9984 August 15 high
Resistance 3:                1.0000 parity level

Support 1:                     0.9820 August 25 low
Support 2:                     0.9807 August 22 low  
Support 3:                     0.9788 June 7 swing low (key level)
Support 4:                     0.9768 September 4 swing high
Support 5:                     0.9745-47, August 28 low, 200-day simple moving average
Support 6:                     0.9700 figure