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FxWirePro: CHF extending losses, taking the USD/CHF higher

The Swiss Fracnc is extending losses, taking the USD/CHF pair higher The pair is currently trading at 0.9495, just below the 0.95 handle Daily price action is back inside the cloud and slow stochs are flat ahead of overb…

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  • The Swiss Fracnc is extending losses, taking the USD/CHF pair higher

  • The pair is currently trading at 0.9495, just below the 0.95 handle

  • Daily price action is back inside the cloud and slow stochs are flat ahead of overbought levels

  • 200 DMA by 0.9520 is seen as strong resistance, breaks above could take the pair to 0.9543 (May 27 high)
Resistance Levels:

R1: 0.9504 (30 DMA Upper Bollinger)

R2: 0.9516 (Daily High Jul 7)

R3: 0.9528 (200 DMA)

Support levels:

S1: 0.9415 (200 HMA)    

S2: 0.9400 (Daily Low Jul 3)

S3: 0.9359 (Daily Cloud Base)

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