- The general weakness of the USD keeps the USD / CHF pair below the level of 0.9700.
- There is little or no directional bias because the technical image is mixed.
USD / CHF daily chart
The USD / CHF is trading just below the 0.9700 figure but above the 50/100 SMA on the daily chart.
USD / CHF four-hour chart
The USD / CHF is down from the May highs while trading below the 0.9700 figure and the major SMAs on the four-hour chart. The bulls are trying to find the figure of 0.9700, but the image remains mixed on this currency pair. On the downside, support can emerge towards the levels of 0.9650 and 0.9600.