• 716 days Will The ECB Continue To Hike Rates?
  • 716 days Forbes: Aramco Remains Largest Company In The Middle East
  • 718 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,118 days Could Crypto Overtake Traditional Investment?
  • 1,123 days Americans Still Quitting Jobs At Record Pace
  • 1,125 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,128 days Is The Dollar Too Strong?
  • 1,128 days Big Tech Disappoints Investors on Earnings Calls
  • 1,129 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,131 days China Is Quietly Trying To Distance Itself From Russia
  • 1,131 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,135 days Crypto Investors Won Big In 2021
  • 1,135 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,136 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,138 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,139 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,142 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,143 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,143 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,145 days Are NFTs About To Take Over Gaming?
Billionaires Are Pushing Art To New Limits

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

  1. Home
  2. Markets
  3. Other

USD/CHF - A Double-Bottom Has Been Validated

USD/CHF has broken the resistance at 0.9757, validating a double-bottom formation. The implied upside potential is given by 1.0023. Hourly resistances can be found at 0.9812 and 0.9984. Hourly supports lie at 0.9751 (intraday low) and 0.9674 (intraday low).

In the longer-term, the bullish momentum in USD/CHF has resumed after the decline linked to the removal of the EUR/CHF floor. A test of the strong resistance at 1.0240 is likely. A key support can be found at 0.9450 (26/02/2015 low, see also the 200-day moving average).

Daily Technical Report

 

Read the Report

Back to homepage

Leave a comment

Leave a comment