GCMAsia - USDCHF
USDCHF
2017-04-11
| Resistance and Support | Level | Explanation |
| Resistance | 1.0110 | H4 |
| Support | 1.0060 | H4 |
USDCHF, H4: USDCHF extended gains following previous formation of golden cross by both moving average line. However, as the MACD indicator begins to hover outside of upward momentum, USDCHF may be traded lower in short-term as technical correction. Otherwise, long-term trend direction suggests USDCHF to advance further upwards after a successful closure above the resistance level of 1.0110.
Resistance level: 1.0110, 1.0150
Support level: 1.0060, 1.0005