USDCHF TECHNICAL ANALYSIS

Here is a USDCHF Technical Analysis on the daily time frame. It is a major currency pair and one of the 21 currency pairs that we cover in our Forex Signals App that is available on both Android and iTunes. You can also view the Forex Signals App video demo.

USDCHF on the H4 Time Frame

Price is currently hovering above the 30, 50 and 100 sma. Price is at the upper extreme end of the channel and may reverse lower.

Additional points on USDCHF

Resistance level lies at the 0.9971 zone

Support level lies at the 0.9671 zone

Price bounced off lows at around the 0.9671 level and is now trading in the 0.9823 zone.

Conclusion

We are slightly bearish on the USDCHF in the short term and have activated a SELL trade at 0.98235

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Have a great trading day ahead!

Ardy Ismail

Currency Strategist

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