GCMAsia - USDCHF
USDCHF
2017-05-11
| Resistance and Support | Level | Explanation |
| Resistance | 1.0100 | Daily |
| Support | 1.0040 | Daily |
USDCHF, Daily: USDCHF has recently breakout from the top level of descending triangle, signalling a change in trend direction to move further upwards. As the MACD histogram continues to illustrate upward signal, USDCHF is expected to extend its gains after breaking the resistance level of 1.0100. Otherwise, a retracement from 1.0100 would construct a double top formation with strong resistance thereafter.
Resistance level: 1.0100, 1.0170
Support level: 1.0040, 0.9970, 0.9855