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USD/CHF Price Analysis: Greenback challenges 0.9692 resistance vs. Swiss franc

  • USD/CHF is challenging the 0.9692 resistance as the greenback is recovering across the board.
  • Support is seen at the 0.9647 and 0.9616 levels.  
 

USD/CHF daily chart

 
USD/CHF is bouncing off multi-month lows while trading well below the main daily simple moving averages.
 

USD/CHF four-hour chart

 
As the greenback is recovering across the board the market might try to break above the 0.9692 resistance and above the 50/100 SMAs. If the bulls gather enough steam they could reach the 0.9742/63 resistance zone, according to the Technical Confluences Indicator. Support is seen at the 0.9647 and 0.9616 levels.
 

Additional key levels

 

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