Technical Analysis of USD/CHF for June 30, 2016

Technical Analysis of USD/CHF for June 30, 2016

30 June 2016, 10:12
Roberto Jacobs
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Technical Analysis of USD/CHF for June 30, 2016


USDCHFM30.png


USD/CHF is expected to trade with a bullish bias above 0.9760. The pair remains bullish on an intraday basis. In addition, a strong support base around 0.9760 should limit any downward attempts. Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. To sum up, as long as 0.9760 holds on the downside, we are still positive and expect a new rebound to 0.9840 at first, and then to 0.9900.

Resistance levels: 0.9840, 0.9900, 0.9945

Support levels: 0.9720, 0.9660, 0.9585


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