- USD/CHF bounced from the daily low at 0.9907 and is now challenging the 0.9950-0.9961 area.
- USD/CHF bulls need the breakout above 0.9950-0.9961 area in order to target 0.9989-1.0000 zone.
- A failure to breakout above the 0.9950-0.9961 area may lead to a continuation of the range. However, bulls seem to have a slight advantage as the main trend remains bullish.
Spot rate: 0.9940
Relative change: 0.06%
High: 0.9950
Low: 0.9907
Trend: Bullish / Bearish pullback
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 high
Resistance 6: 1.0343 December 15, 2016
Support 1: 0.9929 daily 50-period SMA
Support 2: 0.9920 intraday demand level
Support 3: 0.9900 figure
Support 4: 0.9856 June 25 low
Support 5: 0.9788 June 7 swing low