GCMAsia - USDCHF

USDCHF
2017-08-09
| Resistance and Support | Level | Explanation |
| Resistance | 0.9705 | H1 |
| Support | 0.9660 | H1 |

USDCHF, H1: USDCHF was traded higher following prior rebound near the support level of 0.9660. Such price movement suggests USDCHF to be traded higher in short-term as technical correction. However, MACD histogram which illustrate negative divergence suggests further downside bias in long-term.
Resistance level: 0.9705, 0.9735
Support level: 0.9660, 0.9630