|Resistance and Support
USDCHF, H4: USDCHF remained traded within an upward channel while recently retraced from the strong resistance level of 0.9760. The retracement suggests USDCHF to be traded lower in short-term as technical correction, towards the lower level of the channel near the support level of 0.9725. Long-term trend direction suggests USDCHF to be traded within an upward channel unless a breakout occurred at either side of its channel.
Resistance level: 0.9760, 0.9800
Support level: 0.9725, 0.9700