FXstreet.com (Barcelona) - After rising 0.45% from today's opening price at 1.1429 and find support at 1.1400 level, the USD/CHF is testing the 1.1490 resistance level again, as intra-week high. Currently the pair is trading around 1.1475/85.
Yesterday USD/CHF rise 0.49% from the 1.1373 opening price, reaching 1.1368 as minimum and 1.1488 as highest, to close the day at 1.1429.
According to Tim Salem, FXstreet.com collaborator, USD/CHF is bullish: Price Behavior remains slightly Bullish in accordance with the Uptrend Channel and moderate Consolidation. Appreciation looks to breach the Daily Static Resistance of 1.1472 with a Bounce from the Daily Pivot @ 1.1426 in the Immediate-Term. Violation north breaks the Range-Bound Area and moves towards the 1.500 Figure/Static Resistance Level. Further Extension finds 1.1547 Resistance which, if holds, will become Support in the near-Term. Downside Risk finds a break of the Channel through Daily Static Support Areas @ 1.1379 and 1.1351 followed by a potential Hourly Double-Bottom Formation @ Dynamic Support of 1.3307.
Salem provide us with his levels: Support levels: 1.1413 1.1379 1.1351 1.1322. Resistance levels: 1.1472 1.1500 1.1547 1.1589
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