USDCHF Resistance And Support Trend Lines

June 9, 2013 in Chart Alert

USD/CHF has seen some interesting turns of supports and resistances since October 2011. The previous support trend line seemed to have turned into a resistance line. There was another support trend line emerging and the recent fall has broken below that support. The following chart indicates all these facts.

USD/CHF weekly chart with trend lines

USD/CHF support and resistances - Trend lines

Break of two supports

Before breaking below the short-term support trend line as mentioned above, USD/CHF had also broken below the 200-day moving average support. Please check the above mentioned trend line on the daily chart as well as the break of 200-day SMA.

USD/CHF daily chart - break of trend line and 200-day moving average supports

You may also like to check the USD/CHF’s weekly outlook.

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