GCMAsia - USDCHF
USDCHF
2018-05-16
| Resistance and Support | Level | Explanation |
| Resistance | 1.0035 | H1 |
| Support | 1.0000 | H1 |
USDCHF, H1: USDCHF was traded lower following prior retracement prior to the bearish trendline. MACD histogram which has formed a death cross signal suggests further downside bias. However, a close below the strong support level of 1.0000 is required to attain further validation.
Resistance level: 1.0035, 1.0055
Support level: 1.0000, 0.9980