USD / CHF Technical Analysis - Uniglobe Markets

USD / CHF Technical Analysis

Posted on March 19, 2019 at 06:15 AM

The USDCHF continues to trade negatively and stabilizes around 1.0010, stability below this level is considered negative. We expect an extension to the downside, and all we need today is a break of 0.9930 to confirm the extension of the bearish trend. From the top, a breach of 1.0050 would make us concerned about these negative outlooks.

Support: 0.9960

Resistance: 1.0045

Trend: Down below 1.0010 targeting 0.9930 as long as 1.0050 is intact

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