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USD/CHF Asia Price Forecast: Greenback holds above 0.9700 vs. Swiss franc

  • USD/CHF’s bull trend remains intact as the spot holds above the 0.9700 figure. 
  • The level to beat for bulls is the 0.9800 resistance.

USD/CHF daily chart

USD/CHF is trading below the 100 and 200 SMA on the daily chart as the market is consolidating the last leg up.

USD/CHF daily chart

USD/CHF daily chart

- Click to enlarge

USD/CHF four-hour chart

USD/CHF is trading above the 50/200 SMAs on the four-hour chart leaving the bull trend intact as bulls will be looking for a break above the 0.9800 handle en route towards the 0.9900 figure while support is expected to emerge near the 0.9700 and 0.9600 levels on the way down.

USD/CHF four-hour chart

USD/CHF four-hour chart

- Click to enlarge

 

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Flavio Tosti
Flavio has been engaged in the financial market since 2011 with experience in stocks, currencies, commodities and cryptocurrencies among others. In 2015 he completed a postgraduate diploma in Financial Trading Analysis from the University of Essex in collaboration with FXStreet.
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Permanent link to this article: https://snbchf.com/2020/04/tosti-usd-chf-asia-price-forecast-greenback-holds-9700-swiss-franc/

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