CHFUSD rally Next week to 0.9885 levels - Uniglobe Markets

CHFUSD rally Next week to 0.9885 levels

Posted on April 16, 2018 at 08:20 AM

The pair rose against the Swiss franc, trying to breach 0.9650, and the pair traded above 0.9400 this week.

Any trading above 0.9650 will be a reason for an extension in the upside direction, and we are currently targeting 0.9835 as the first bullish target for the upside move, while breaching it will open the way for further bullishness. Big fluctuation is contained, and turmoil in the financial markets continues. Therefore, we recommend not to trade for people who are not able to withstand this standard risk.

  • Support: 0.9450 – 0.9250 – 0.9150
  • Resistance: 0.9650 – 0.9835 – 0.9890

Trend: up above 0.9700 targeting 0.9835 and 0.9885 as long as the trading remains above 0.9600.

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