GCMAsia - USDCHF
USDCHF
2017-10-09
| Resistance and Support | Level | Explanation |
| Resistance | 0.9820 | H4 |
| Support | 0.9775 | H4 |
USDCHF, H4: USDCHF was traded lower prior its failure to break above resistance level at 0.9820. Formation of bearish pin bar candlestick and negative divergence as shown by MACD histogram suggests the pair on bias to trade lower. However, a break below support level at 0.9775 is necessary for the pair to gain greater momentum to trade lower toward the next support level at 0.9740.
Resistance level: 0.9820, 0.9880
Support level: 0.9775, 0.9740