OctaFX | OctaFX Forex Broker
Open trading account

USD/CHF Price Analysis: Greenback approaching January highs vs. Swiss franc

  • USD/CHF created a strong bullish recovery while nearing the 2020 highs. 
  • The level to beat for bulls is the 0.9770 resistance.  

USD/CHF daily chart

USD/CHF is attempting to form a base near multi-month lows while trading below the main daily simple moving averages.

USD/CHF four-hour chart

The market is nearing the January highs while trading above the main SMAs. Bulls want a break above the 0.9770 resistance on a daily closing basis in order to send the market up towards the 0.9800 figure and 0.9828 price level. Support is seen near the 0.9727, 0.9710 and 0.9676 levels, according to the Technical Confluences Indicator.
Resistance: 0.9770, 0.9800, 0.9828
Support: 0.9727, 0.9710, 0.9676

Additional key levels


Gold better bid, savvy investors taking heed of elephant in the room

Despite the flurry to the equities on the back of progress with the phase-one trade agreement between the US and China, gold prices are also on the up
Read more Previous

EUR/GBP: Bulls target trendline resistance through 0.85 the figure

While the economic data schedule is particularly quiet as investors look ahead to Friday's US Nonfarm Payrolls data, the price action in the euro and
Read more Next
Start livechat