USD/CHF Technical Analysis: The path of least resistance is to the upside

USD/CHF daily chart

• USD/CHF is trading above the 50-day simple moving average (SMA) and the parity level.
• As mentioned, the 1.0020 and 1.0035 resistances got hit.

USD/CHF 4-hour chart

• The 50 SMA crossed above the 200 SMA. 

USD/CHF 30-minute chart

• USD/CHF is trading near its daily highs as the market is trading above its main SMAs.
• The path of least resistance is to the upside. The next resistances are seen at 1.0050, 1.0060 and 1.0070 level.
• Support is at 1.0020 and 1.0000 level.

Additional key levels