- USD/CHF is trading in a bull trend above the 200-period simple moving average.
- USD/CHF bulls have been knocking at the August high but without being able to beak above the level so far.
- Given the strong bull momentum, the bulls could reach the parity level but they would need to keep the market above 0.9950 figure or else a pullback may be on the cards below this level.
USD/CHF 4-hour chart
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Spot rate: 0.9966
Relative change: 0.1%
High: 0.9978
Low: 0.9949
Main trend: Bullish
Resistance 1: 0.9986 August high
Resistance 2: 1.0000 parity level
Resistance 3: 1.0068 July 13 high
Support 1: 0.9950 figure
Support 2: 0.9891 October 4 low
Support 3: 0.9868 July 31 low
Support 4: 0.9820 August 25 low
Support 5: 0.9807 August 22 low
Support 6: 0.9788 June 7 swing low (key level)
Support 7: 0.9768 September 4 swing high
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