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USD/CHF Technical Analysis: Swissy at daily highs flirting with parity level

  • USD/CHF is now less than 20 pips away from the parity level. Bulls need to overcome the 0.9989-1.0000 area, the 200-period simple moving average and the bullish trendline from July 9. 
  • A breakout above the parity level would target 1.0026 weekly high and 1.0069, current 2018 high while near-term support is seen near 0.9950-0.9961 area figure and June 21 open.

 USD/CHF 15-minute chart

Spot rate:                  0.9988
Relative change:       0.22%     
High:                         0.9991
Low:                          0.9926

Trend:                       Bullish

Resistance 1:           0.9989-1.0000 area June 15 high and parity
Resistance 2:           1.0026 weekly high
Resistance 3:           1.0069 current 2018 high
Resistance 4:           1.0170 March 7, 2017 high
Resistance 5:           1.0343 December 15, 2016


Support 1:                0.9950-0.9961 figure and June 21 open
Support 2:                0.9936 daily 50-period SMA 
Support 3:                0.9920 intraday demand level
Support 4:                0.9900 figure
Support 5:                0.9856 June 25 low
Support 6:                0.9788 June 7 swing low

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