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11 May 2020
USD/CHF Price Analysis: Greenback up, trades above 0.9700 figure vs. Swiss franc
- Broad-based USD demand keeps USD/CHF supported above 0.9700 level.
- The level to beat for bulls is the 0.9750 figure.
USD/CHF daily chart
USD/CHF is holding above the 0.9700 handle and the 50 and 100 SMAs but below the 200 SMA on the daily chart.
USD/CHF four-hour chart
USD/CHF eased from the May highs while trading above the 0.9700 figure and the main SMAs on the four-hour chart. Bulls remain in control with an eye on the 0.9750 resistance and a retest of the 0.9800 figure near the April highs. On the flip side, support can emerge near the 0.9700 figure and the 0.9650 level.
Additional key levels