GCMAsia - USDCHF
USDCHF
2018-07-11
| Resistance and support | Level | Explanation |
| Resistance | 0.9930 | H1 |
| Support | 0.9900 | H1 |
USDCHF, H1: USDCHF was traded lower in a descending triangle following prior retracement from the top of the triangle and resistance level 0.9930.Although MACD and RSI which display ongoing downward momentum and a bearish crossover, a break below the bottom of triangle which is the support level of 0.9900 is needed to attain confirmation.
Resistance level: 0.9930, 0.9950
Support level: 0.9900, 0.9880