15 Apr 2020
USD/CHF Price Analysis: Greenback bounces back, challenges 0.9700 figure vs. Swiss franc
- USD/CHF challenges the 0.9700 figure and the 50/100SMA on the four-hour chart.
- The level to beat for bulls is the 0.9700 resistance.
USD/CHF daily chart
USD/CHF is trading below the 100/200 SMAs on the daily chart but above the 50 SMA, suggesting a mixed picture. On the macroeconomic side of things, US Retail Sales plummet by 8.7% in March.
USD/CHF four-hour chart
Dollar/Swiss is challenging the 0.9700 figure near the 50/100 SMAs on the four-hour chart. The spot had a nice boost this Wednesday, however, bulls will need to capitalize on it on a clear break above the 0.9700 level en route towards the 0.9800 and 0.9900 figures. Support can be expected near the 0.9650 and 0.9600 levels.
Additional key levels