The USD/CHF pair is trading in an uptrend, with the rising support line acting as a stop-loss point. Thus, we are bullish and averse to bearishness and the pair is on the verge of retesting the soaring support levels. A recovery and an upward movement are thus anticipated, with the goal of retesting the level above LONG.

The support rests at 0.97890 with resistance at 0.98140. The pivot point at 0.97980 is located below the price line. The EMA of 10 is moving with a bullish bias above the EMA of 200 and the EMA of 100 which are showing a bullish state. Stochastic is moving in the high ranges. It seems that the RSI is going toward 70, but the ADX isn’t displaying a distinct trend. We can see a strong rising trend in the MACD’s histogram.

• There is resistance at 0.98140, followed by resistance at 0.98230 and 0.98390.
• There is support at 0.97890. Below, there is 0.97730 and 0.97640.

Note: We do not suggest any investment advice, and these analyses are just to increase the traders’ awareness but not a certain instruction for trading.

cchfanalysis