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5 May 2020
USD/CHF Price Analysis: Greenback battling with the 0.9700 figure vs. US dollar
- USD/CHF challenges the 0.9700 figure and the 100 SMA on the daily chart.
- USD/CHF rebounds from April’s lows but stays within familiar ranges.
USD/CHF daily chart
USD/CHF is challenging the 0.9700 figure and the 100 SMA on the daily chart as the DXY uptick is lifting dollar/swiss but still within familiar ranges.
USD/CHF four-hour chart
The spot is challenging the 50, 100 and 200 SMAs on the four-hour chart while attempting to settle above the 0.9700 figure. The spot is bouncing from the April’s lows and proving USD/CHF closes the day above 0.9700 more upside can be seen. On the flip side, support can emerge near 0.9650 and the 0.9600 figure.
Additional key levels