USDCHF Price Analysis - 18th April
USDCHF has enjoyed a month of rising price action but now faces strong resistance. It may be time for a cool-off period, with a retrace back to 0.095 likely if resistance cannot be broken through in the long-term. While we are seeing some positive price movement, the average volume level cannot guarantee a continuation of the bullish movement upwards.
USD/CHF Market
Key Levels:
Support levels: 0.99, 0.97, 0.95
USDCHF has enjoyed a month of rising price action but now faces strong resistance. It may be time for a cool-off period, with a retrace back to 0.095 likely if resistance cannot be broken through in the long-term. While we are seeing some positive price movement, the average volume level cannot guarantee a continuation of the bullish movement upwards.
USD/CHF Market
Key Levels:
Support levels: 0.99, 0.97, 0.95
Resistance levels: 1.015, 1.017, 1.025
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