Greenback dropping below 0.9920 level against CHF


  • USD/CHF failed to breakout above the parity level on Thursday and USD/CHF got sold in the Asian session trading now below 0.9924 June 26 high. 
  • USD/CHF is trading below its main simple moving averages and there is no sign that the correction has ended yet.
  • The next scaling points to the downside are seen near the 0.9900 figure and 0.9870 congestion zone.

USD/CHF 15-minute chart

Spot rate:                  0.9917
Relative change:      -0.59%     
High:                         0.9982
Low:                          0.9913

Trend:                       Bearish correction

Resistance 1:           0.9924 June 26 high
Resistance 2:           0.9961 June 21 open
Resistance 3:           0.9989-1.0000 area June 15 high and parity
Resistance 4:           1.0026 May 11 open
Resistance 5:           1.0056 current 2018 high

Support 1:                0.9900 figure
Support 2:                0.9870 congestion zone
Support 3:                0.9855 June 25 low



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