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USD/CHF is supported above $0.9450 level, tested $0.9492 high

Support 3- $0.9211 (Daily low June 23) Support 2- $0.9244 (Daily low June 29) Support 1- $0.9331 (Daily low July 10) Spot Rate- $0.9470 Resistance 1- $0.9493 (Hourly high July 13) Resistance 2- $0.9500 (30 DMA upper Boll…

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Support 3- $0.9211 (Daily low June 23)

Support 2- $0.9244 (Daily low June 29)

Support 1- $0.9331 (Daily low July 10)

Spot Rate- $0.9470

Resistance 1- $0.9493 (Hourly high July 13)

Resistance 2- $0.9500 (30 DMA upper Bollinger)

Resistance 3- $0.9542 (200 DMA)

  • Sharp rally through the cloud top and tested 1 pip above Friday's 0.9492 high

  • Market eye Switzerland PPI data release due tomorrow

  • A daily close above $0.95 level is require to confirm bullish bias

Entry level is absent at this point of time, waiting for the clear cut opportunity in the upcoming days

 

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