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 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.
Additional key levels