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 0.9390, 0.9490/0.9500 and 0.9540.MACD histogram is located in the negative zone, has merged with its signal line and is not currently send a clear signal.
Stochastic oscillator is in oversold territory, and also does not generate a clear signal as the% K line crossed with a line of% D.
The absence of clear signals, leads us to the fact that the most correct decision now - to stay out of the forex market and focus on the next strong support and resistance levels.
There are two options:
1. Break of 0.9290 resistance level and the correction to the levels of 0.9330 and 0.9370.
2. Breakdown of the new historic lows and lower USD / CHF to levels of 0.9200, 0.9175 and 0.9120/00.
Resistance levels: 0.9275, 0.9290/0.9300, 0.9330, 0.9370, 0.9400
Current Price: 0.9252
Support levels: 0.9240, 0.9225, 0.9200, 0.9175, 0.9150, 0.9120/00
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