13 May 2020
USD/CHF Price Analysis: Greenback trying to regain the 0.9700 figure vs. Swiss franc
- Broad USD weakness keeps the USD/CHF pair below the 0.9700 level.
- There is little to no directional bias as the technical picture is mixed.
USD/CHF daily chart
USD/CHF is trading just below the 0.9700 figure but above the 50/100 SMAs on the daily chart.
USD/CHF four-hour chart
USD/CHF is grinding lower from the May highs while trading below the 0.9700 figure and the main SMAs on the four-hour chart. Bulls are trying to regain the 0.9700 figure however the picture remains mixed on this currency pair. To the downside, support can emerge near 0.9650 and the 0.9600 levels.
Additional key levels