USD/CHF retreated from weekly highs

On Friday, USD/CHF in the morning managed to grow to Chf0.9760 and update weekly highs. However, in the afternoon USD/CHF began to fall, and eventually closed the trading day with a decline, near the level of Chf0.9725. This morning USD/CHF is trading in a narrow range of Chf0.9720-35, staying near Friday's closing price. Since Wednesday, USD/CHF has broken through the resistance level of the moving average MA (200) H1 (Chf0.9710) and has since been trading above this level. On the four-hour chart, USD/CHF remains well below MA (200) H4 (Chf0.9850).

• Resistances levels are at: Chf0.9760, Chf0.9805, Chf0.9830

• Support levels are at: Chf0.9710, Chf0.9690, Chf0.9665

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