Technical Analysis: USDCHF

USDCHF rose steadily

Last Friday, USDCHF rose steadily. It ended up 0.23% at 0.8087.

The USDX rose slightly

Last Friday, the USDX fell and then climbed. It came close to the 101 mark again. It ended up 0.04% at 100.97.

Swiss consumer confidence index failed to meet market expectations in June

Swiss Consumer Confidence Index (June) increased from -38.1 to -35.8 Vs. -35 (forecast), according to the data from the SECO.

The bullish market trend prevailed in the short term

the Chart of the Day

On the chart of the day, USDCHF rose steadily. The bullish market trend prevailed in the short term. In terms of technical indicators, KDJ went upwards after golden cross occurred, showing that USDCHF will climb further. Investors should focus on whether USDCHF will break through the resistance at 0.814. It will jump with potential resistance at 0.820 if it breaks above 0.814.

4-hour chart

On the 4-hour chart, USDCHF was prone to fluctuation and climbed. The bullish market trend prevailed. In terms of technical indicators, MACD went upwards after golden cross occurred, showing that the market trend is bullish. Investors should focus on whether USDCHF will break through the support at 0.809. It will jump if it retreats but is stable above 0.809.

Key resistance: 0.814,0.820

Key support: 0.809,0.803

Generally speaking, the bullish market trend prevailed in the short term. Investors could buy as USDCHF retreats during the day.