USD/CHF technical analysis: Greenback trading at 8-day highs against the Swiss franc

 |  16/08/2019 21:12
  • The Greenback gained momentum against CHF in the last two days of the week. 
  • The level to beat for bulls are seen at 0.9815 and 0.9845 resistances.
 

USD/CHF daily chart

 
USD/CHF is trading at 8-day high while below the main daily simple moving averages (DSMAs). The currency pair is mainly being influenced by trade war dynamics. 
 

USD/CHF 4-hour chart

 
USD/CHF is facing some resistance near the 0.9800 figure and the 100 SMA. Bulls would need to recapture the 0.9790 resistance to climb towards 0.9815 and 0.9845 resistances.
   

USD/CHF 30-minute chart

 
 
USD/CHF is trading above its main SMAs, suggesting a bullish market in the near term. Support is seen at 0.9770 and the 0.9753 level, according to the Technical Confluences Indicator. A pullback down before a bullish resumption cannot be ruled out.
 

Additional key levels

 

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