USD/CHF Technical Analysis: Greenback bulls are driving and holding the market above the parity level

  • USD/CHF is in a bull trend above the 200-period simple moving average on the 4-hour chart.
  • USD/CHF broke above the parity level and look set to close the day above it. The nest target is likely located near 1.0068 July 13 high. 
  • Below the parity level supports to the downside are likely located near 0.9950 and 0.9891 October 4 low.  

USD/CHF 4-hour chart


Main trend:                    Bullish

Resistance 1:                1.0068 July 13 high
Resistance 2:                1.0100 figure
Resistance 3:                1.0160 March 2017 high

Support 1:                     1.0000 parity level
Support 2:                     0.9986 August high
Support 3:                     0.9950 figure
Support 4:                     0.9891 October 4 low
Support 5:                     0.9868 July 31 low

Additional key levels at a glance

USD/CHF

Overview:
    Last Price: 1.0023
    Daily change: 51 pips
    Daily change: 0.511%
    Daily Open: 0.9972
Trends:
    Daily SMA20: 0.9925
    Daily SMA50: 0.9803
    Daily SMA100: 0.987
    Daily SMA200: 0.9748
Levels:
    Daily High: 1.0028
    Daily Low: 0.9964
    Weekly High: 1.0028
    Weekly Low: 0.9938
    Monthly High: 0.982
    Monthly Low: 0.9542
    Daily Fibonacci 38.2%: 0.9988
    Daily Fibonacci 61.8%: 1.0003
    Daily Pivot Point S1: 0.9948
    Daily Pivot Point S2: 0.9924
    Daily Pivot Point S3: 0.9884
    Daily Pivot Point R1: 1.0012
    Daily Pivot Point R2: 1.0052
    Daily Pivot Point R3: 1.0076

 

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