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USD/CHF Price Analysis: US dollar sidelines, off 2020 highs vs. Swiss franc, sub-0.9800 figure

  • USD/CHF consolidates gains for the fourth consecutive day. 
  • The level to beat for bulls is the 0.9900 resistance.

 

USD/CHF daily chart

 
 
USD/CHF is consolidating gains for the fourth consecutive session near the 200 SMA. The Fed extended its Quantitative Easing operation with a relatively negative reaction on the US dollar which has been consolidating against most currencies in recent days. 

 

USD/CHF four-hour chart


 
USD/CHF’s uptrend stays intact as the spot is trading above the main SMAs. The quote is consolidating sideways near the 0.9800 figure. Buyers remain in control as a break above the 0.9900 figure can lead to a run to the parity level. Support can be expected near the 0.9750, 0.9700 and 0.9650 levels.

Resistance: 0.9900, 1.0000, 1.0050
Support: 0.9750, 0.9700, 0.9650 


 
 
Additional key levels 

 

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