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150518 USDCHF

by | May 15, 2018 | USD/CHF | 0 comments

GCMAsia - USDCHF
USDCHF
USDCHF
2018-05-15
Resistance and Support Level Explanation
Resistance 1.0000 H4
Support 0.9940 H4

USDCHF, H4: USDCHF was traded lower following prior retracement from the 20-MA line (red) near 1.0000. Both MA lines which continues to narrow downwards suggests further bearish bias. Thus, a retrace from the target at 1.0000 may provide further validation.

 

Resistance level: 1.0000, 1.0065

Support level: 0.9940, 0.9885