GCMAsia - USDCHF
USDCHF
2017-04-04
| Resistance and Support | Level | Explanation |
| Resistance | 1.0030 | H4 |
| Support | 0.9990 | H4 |
USDCHF, H4: USDCHF was traded lower following prior retracement from previous high of 1.0030 while currently testing near the 20-moving average line (red). With regards to the MACD indicator which continues to hover outside of upward momentum, a closure below the 20-moving average line (red) would suggest USDCHF to extend its technical correction in short-term to move further lower. Long-term trend direction still suggests USDCHF to extend its uptrend.
Resistance level: 1.0030, 1.0090
Support level: 0.9990, 0.9950