USD/CHF tried to escape the current weekly range by breaking out above the 0.9950-0.9961 area but the bullish incursion was short-lived as USD/CHF is trading back below the 0.9950 level reversing the daily gains by the same token. Bears have the advantage, their next objective is to drive USD/CHF near the daily low at 0.9931 after which 0.9920 and 0.9900 will be next on their radar. A bear breakout below 0.9900 should open the gates towards 0.9856 June 25 low. USD/CHF 15-minute chart Spot rate: 0.9937 Relative change: -0.03% High: 0.9979 Low: 0.9931 Trend: Neutral to bearish Resistance 1: 0.9950-0.9961 area, figure and June 21 open Resistance 2: 0.9989-1.0000 area June 15 high and parity Resistance 3: 1.0036 weekly high Resistance 4: 1.0069 current 2018 high Resistance 5: 1.0170 March 7, 2017 highResistance 6: 1.0343 December 15, 2016 Support 1: 0.9920-0.9930 zone, demand level and congestion zone Support 2: 0.9900 figure Support 3: 0.9856 June 25 low Support 4: 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 US Q2 GDP: Enough to sustain higher interest rates – Wells Fargo FX Street 5 years USD/CHF tried to escape the current weekly range by breaking out above the 0.9950-0.9961 area but the bullish incursion was short-lived as USD/CHF is trading back below the 0.9950 level reversing the daily gains by the same token. Bears have the advantage, their next objective is to drive USD/CHF near the daily low at 0.9931 after which 0.9920 and 0.9900 will be next on their radar. A bear breakout below 0.9900 should open the gates towards 0.9856 June 25 low. USD/CHF 15-minute chart Spot rate: 0.9937 Relative change: … 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.
