• 741 days Will The ECB Continue To Hike Rates?
  • 741 days Forbes: Aramco Remains Largest Company In The Middle East
  • 743 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,142 days Could Crypto Overtake Traditional Investment?
  • 1,147 days Americans Still Quitting Jobs At Record Pace
  • 1,149 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,152 days Is The Dollar Too Strong?
  • 1,152 days Big Tech Disappoints Investors on Earnings Calls
  • 1,153 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,155 days China Is Quietly Trying To Distance Itself From Russia
  • 1,155 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,159 days Crypto Investors Won Big In 2021
  • 1,159 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,160 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,163 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,163 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,166 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,167 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,167 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,169 days Are NFTs About To Take Over Gaming?
  1. Home
  2. Markets
  3. Other

USD/CHF - Consolidating

USD/CHF is now consolidating and is still trading around its five-year high. Hourly support is given by the lower bound of the uptrend channel around 1.0200 while hourly resistance is given at 1.0328 (intraday high). The technical structure still suggests that the upside momentum should continue.

In the long-term, the pair has broken resistance at 0.9448 and key resistance at 0.9957 suggesting further uptrend. Key support can be found 0.8986 (30/01/2015 low). As long as these levels hold, a long term bullish bias is favoured.

Daily Technical Report

 

Read the Report

Back to homepage

Leave a comment

Leave a comment