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USD/CHF Asia Price Forecast: Greenback holds above 0.9700 vs. Swiss franc

  • USD/CHF’s bull trend remains intact as the spot holds above the 0.9700 figure. 
  • The level to beat for bulls is the 0.9800 resistance.
 
 

USD/CHF daily chart

 
 
USD/CHF is trading below the 100 and 200 SMA on the daily chart as the market is consolidating the last leg up. 
 

USD/CHF four-hour chart

 
USD/CHF is trading above the 50/200 SMAs on the four-hour chart leaving the bull trend intact as bulls will be looking for a break above the 0.9800 handle en route towards the 0.9900 figure while support is expected to emerge near the 0.9700 and 0.9600 levels on the way down. 
 

Additional key levels

 

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