USD/CHF: Climb Towards The Resistance Level Likely
| Apr 20, 2022 05:43AM ET
Looking at the USD/CHF chart, we can see the steady climb from the 0.9325 range on Apr. 13 to the 0.9425 range on the 15th and consolidating around the 0.945 range with relative ease the following days.
Earlier during today’s session, it climbed to the 0.95 range, reaching as high as 0.953, and was last found trading at the 0.951 range. The closest support can be found at 0.945, and the closest temporary overhead resistance can be deemed at the 0.953 range.
Today we could expect to climb towards the 0.953 resistance level and consolidate. However, if it doesn’t manage to hold the current level, then a move towards the 0.945 support can be expected.
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