Currency entrenched below the moving averages with periods of 144, 89, 55 and 34, which are now a number of resistance levels, 0.9550, 0.9625 and 0.9650.MACD histogram is located in the negative zone and below its signal line, continues to gradually decline, and thereby sends a signal to sell USD / CHF.
Stochastic oscillator is in oversold territory and currently does not generate clear signals, as the% K line merged with the line% D.
Because, trust only one clear signal is very risky, then as a confirmation that the forex market in a given currency pair again could increase bearish sentiment, we need to wait for the breakdown of a strong support level of 0.9480, which will open the path to levels of 0.9440, 0.9370 and 0.9330 ( local min).
Resistance levels: 0.9525, 0.9550, 0.9575, 0.9600, 0.9625
Current Price: 0.9497
Support levels: 0.9480, 0.9440, 0.9370, 0.9330, 0.9310/00
Translate this page
