The USD/CHF
has broken above the 0.9800 level on several occasions, but it has not been
able to stay above that level and goes back down. On the daily chart we can see
that the pair has been oscillating around the 200 day exponential moving
average without taking a clear direction. To the downside, the 0.9700 level or
the 0.9600 level may act as support. To the upside, the zone of the 0.9900
level has acted as resistance in the past and another visit of the price to
that zone, may cause it to act as resistance once again.
Good analysis, thanks.
ReplyDeleteGood point! I´ll be watching to those levels.
ReplyDeleteHelpful post!
ReplyDeleteWill keep in mind those levels!
ReplyDeleteVery good post.
ReplyDeleteIt was interesting to read! Thanks a lot!
ReplyDelete