7 May 2020
USD/CHF Price Analysis: Greenback retraces to 0.9730 vs. Swiss franc
- USD/CHF dips down after the London close.
- Support can be seen near the 0.9720 level
USD/CHF daily chart
USD/CHF is trading down on the day after rejecting the 0.9800 figure and the 200 SMA on the daily chart.
USD/CHF four-hour chart
After a sharp advance, the spot is retracing below the 0.9745 resistance level while holding above the main SMAs on the four-hour chart. However, the bulls remain in control and a retest of 0.9745 and the 0.9800 figure remain on the cards in the medium-term. Support is seen near 0.9720, 0.9700 and 0.9650 levels.
Additional key levels