The attempt of AUD/CHF to overcome 0.6800 so far hasn’t been successful. The pair formed a “spinning top” candlestick on the D1 on Tuesday.
Tag - chf - swiss franc
The comment by the US President Donald Trump resulted in the sell-off of the risk-weighted currencies...
For the past couple of days, USD/CHF has been consolidating below the resistance line that connects the highs of October and November in the 0.9990 area.
This week EUR/CHF broke below the 100- and 50-day MAs at 1.0966 and 1.0954 respectively.
Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
Today, the euro shows a double-top pattern against the CHF, which may be used by the bears if the pattern is confirmed.
USD/CHF is supported by the 50-day MA at 0.9917. The doji candlestick that formed on the D1 yesterday signals the market uncertainty.
Technical analysis of USD/CHF
Have a look at the chart of CAD/CHF: the pair is testing daily moving averages.
CHF/JPY is trading at the resistance line since September 2018 high. The upside is also limited by the 100-day MA at 108.85.
We have a lot of USD movers today with the speech by the Fed Chair and the release of the FOMC meeting minutes
Have a look at the chart of CHF/JPY. The pair found support at the early September lows in the 106.85 area.