Exchange rate still lies below the moving averages with periods of 34, 55, 144 and 89, which are directed downward and points to the continued bearish sentiment, as well as the next resistance levels are 0.9440, 0.9500 and 0.9550/60.MACD histogram is located in the negative zone, but above its signal line, continues to gradually rise, and thus sends a signal to buy USD / CHF.
Stochastic Oscillator is in the neutral zone and creates an opposite signal, since the% K line crossed the line% D top-down and started to fall below it.
The contradiction in the signals that serve indicators, leads us to the fact that the most correct decision now - to stay out of the forex market and wait for the completion of consolidation in the above mentioned price range.
There are two options:
1. Break of 0.9475 resistance level and the growth of USD / CHF to levels of 0.9500 and 0.9550/60.
2. Break of 0.9400 support level and lower USD / CHF to levels of 0.9350 and 0.9320/00.
Resistance levels: 0.9430/40, 0.9475, 0.9500/10, 0.9540/50
Current Price: 0.9415
Support levels: 0.9400, 0.9380, 0.9350, 0.9330/20, 0.9300
Translate this page
