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160517 USDCHF

by | May 16, 2017 | USD/CHF | 0 comments

GCMAsia - USDCHF
USDCHF
USDCHF
2017-05-16
Resistance and Support Level Explanation
Resistance 0.9975 H4
Support 0.9950 H4

USDCHF, H4: USDCHF retraced sharply after reaching recent high near 1.0100 while closing below both MA lines. MACD histogram which continues to illustrate downward signal and momentum suggests an extension of downtrend after successfully breaking the support level of 0.9950.

 

Resistance level: 0.9975, 1.0005

Support level: 0.9950, 0.9910