USD/CHF, Daily Chart Analysis 10/12
Technical Analysis and Outlook
Mildly bullish momentum signaling that sideways to higher prices are possible interim. If the currency pair extends the ascend by closing above Mean Resistance 0.9927, this would confirm that a short-term bullishness has been positioned.
The next upside target is Mean Resistance 0.9968, and revisit the Key Resistance 1.0048 along with completed Currency Rally 1.0055. On the downside, the first support is Mean Support at 0.9840 (Stage 2), second Mean Support is crossing at 0.9724, while Key Support is looming at 0.9586.
Mildly bullish momentum signaling that sideways to higher prices are possible interim. If the currency pair extends the ascend by closing above Mean Resistance 0.9927, this would confirm that a short-term bullishness has been positioned.
The next upside target is Mean Resistance 0.9968, and revisit the Key Resistance 1.0048 along with completed Currency Rally 1.0055. On the downside, the first support is Mean Support at 0.9840 (Stage 2), second Mean Support is crossing at 0.9724, while Key Support is looming at 0.9586.
The Swissy finished lower coming from its journey towards Key Resistance 1.0048 and Currency Rally 1.0055, a pullback might take us to 0.9927.