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USD/CHF Technical Analysis: Greenback bulls en route to 1.0100 target

USD/CHF daily chart

  • USD/CHF is trading above the 50-day simple moving average (SMA) and the parity level.
  • As mentioned, the 1.0060 and 1.0070 level were important resistances to look at.


USD/CHF 4-hour chart

  • The 50 SMA crossed above the 200 SMA. 


USD/CHF 30-minute chart

  • The path of least resistance remains to the upside. The next main target is seen at the 1.0100 level.
  • Support is at 1.0050 and 1.0020 level.

Additional key levels

 

Gold hammered down to fresh YTD lows, below $1275 level

• Risk-on mood/US-China trade optimism continues to dampen safe-haven demand. • Surging US bond yields/a modest USD bounce further add to the bearish
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New Zealand GDT Price Index above expectations (-0.5%): Actual (0.5%)

New Zealand GDT Price Index above expectations (-0.5%): Actual (0.5%)
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