16 Aug 2019
USD/CHF technical analysis: Greenback trading at 8-day highs against the Swiss franc
- The Greenback gained momentum against CHF in the last two days of the week.
- The level to beat for bulls are seen at 0.9815 and 0.9845 resistances.
USD/CHF daily chart
USD/CHF is trading at 8-day high while below the main daily simple moving averages (DSMAs). The currency pair is mainly being influenced by trade war dynamics.
USD/CHF 4-hour chart
USD/CHF is facing some resistance near the 0.9800 figure and the 100 SMA. Bulls would need to recapture the 0.9790 resistance to climb towards 0.9815 and 0.9845 resistances.
USD/CHF 30-minute chart
USD/CHF is trading above its main SMAs, suggesting a bullish market in the near term. Support is seen at 0.9770 and the 0.9753 level, according to the Technical Confluences Indicator. A pullback down before a bullish resumption cannot be ruled out.
Additional key levels