Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

CHF erases earlier gains, short term trend reversal likely

  • Pair is currently trading around 0.9939 levels.
     
  • It made intraday high at 0.9940 levels and low around 0.9914 levels.
     
  • Intraday bias remains bearish below 1.0078 levels.
     
  • Above 1.0078 minor resistance levels will turn bias back to the upside.
     
  • Meanwhile, break of 0.9880 support levels will take the parity towards major support levels at 0.9784 low.
     
  • Initial resistance levels are seen at 0.9984, 1.0078 and 1.0256 levels.
     
  • Major support levels are seen around 0.9878, 0.9784 and 0.9560 levels.

We prefer to take short position in USD/CHF around 0.9975 levels, stop loss at 1.0078 and target at 0.9784 levels. 

 

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.