Forex Marketz Daily Forex News – Fully Markets Update
USD/CHF (0.9671)
- Resistance Levels: 0.9740, 0.9805, 0.9870
- Support Levels: 0.9650, 0.9600, 0.9520
The almighty buck is pushing higher against the Swissy. The USD/CHF is now at a 15 month high with a daily close above 0.9740 targeting the technical level at 0.9805.
Should the dollar lose steam and reverse course, then we need to go below 0.9650. A close below this level will target 0.9600 and lower.
RSI is above the signal line, pushing well above 70 and we look to be losing some momentum. There is a possible bearish reversal pattern on the daily chart above. We need confirmation with a daily close lower.
