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050918 USDCHF

by | Sep 5, 2018 | USD/CHF | 0 comments

GCMAsia - USDCHF
USDCHF
USDCHF
2018-09-05
Resistance and Support Level Explanation
Resistance 0.9770 H1
Support 0.9735 H1

USDCHF, H1: USDCHF was traded lower following prior retracement from the resistance level 0.9770 while currently testing the support level 0.9735. Recent price action and MACD which illustrate a bearish bias suggest the pair to extend its losses after a breakout below the support level 0.9735.

 

Resistance level: 0.9770, 0.9805

Support level: 0.9735, 0.9710