22 Apr 2020
USD/CHF Price Analysis: Greenback nearing 9-day highs vs. Swiss franc
- USD/CHF challenges the 0.9740 resistance while nearing 9-day highs.
- USD/CHF can be headed to the April’s tops near 0.9800 figure.
USD/CHF daily chart
USD/CHF is trading below 200 SMA on the daily chart but above the 100/200 SMAs suggesting a mixed picture on dollar/swiss as the market remains trapped within familiar ranges.
USD/CHF four-hour chart
Dollar/Swiss is challenging the 0.9740 resistance while above the main SMAs on the four-hour chart, suggesting a bullish bias in the medium term. A break above the 0.9740 level can lead to further gains towards the 0.9800 figure. Support can emerge near 0.9700 and 0.9650 levels.
Additional key levels