The USD/CHF
has been respecting key technical levels on the daily chart, like the 0.9900
level and the rest of the round number levels below it, all the way to the
0.9442 zone. The pair drops to the 0.9700 level on weakness of the Dollar and
stalls at that area. From here the pair may try to bounce to the upside, but it
may find some resistance around the 200 day EMA, which is just around the
0.9800 level. Above the 0.9800 level, the 0.9900 zone has proven to be a very
important resistance area. If the bearish trend continues, then the pair may
try to go and visit the 0.9600 level, but its most important support may be the
0.9442 level.
Thank you for pointing this out!
ReplyDeleteGood resistance and support levels.
ReplyDeleteGood point! I'll keep an eye on it.
ReplyDeleteThank you for the analysis.
ReplyDeleteI'll keep those levels in mind.
ReplyDeleteVery useful information! Thanks.
ReplyDeleteThanks for such an informative article.
ReplyDeleteThanks for the good job with your post.
ReplyDelete