- USD/CHF continues to probe rising channel top, lack of daily close above could see some pressure on downside
- Risk of adjustment on NFPs is high, should data boost CHF may weaken across crosses
- Pressure rising on SNB to ease policy, evidence of SNB's increasing intervention surfaces
- The pair is currently trading at 0.9829, with next hurdle at 0.9848 (Daily High Aug 6) and supported at 0.9768 (Daily Low Aug 6)
Resistance Levels:
R1: 0.9848 (Daily High Aug 6)
R2: 0.9862 (Daily High Apr 13)
R3: 0.9879 (76.4% of 1.0128-0.9072)
Support Levels:
S1: 0.9768 (Daily Low Aug 6)
S2: 0.9760 (Daily Low Aug 5)
S3: 0.9738 (100-HMA)
