USD / CHF Technical Analysis - Uniglobe Markets

USD / CHF Technical Analysis

Posted on May 15, 2019 at 05:18 AM

The pair continues to decline against the Swiss franc, to settle now around 1.0085. We expect an extension to the downside, and all we need today is a break of 1.0000 to prove the extension of the bearish trend. From the top, a breach of 1.0120 will make us concerned about these negative outlooks.

Support: 1.0010

Resistance: 1.0100

Trend: The pair is trading below 1.0085 with a target of 1.0000 provided that 1.0120 is not breached

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