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GCMAsia - USDCHF
USDCHF
USDCHF
2017-06-16
Resistance and Support Level Explanation
Resistance 0.9760 H4
Support 0.9725 H4

USDCHF, H4: USDCHF was traded lower following prior retracement from the resistance level of 0.9760. It is suggested to be traded lower in short-term as technical correction due to recent retracement. However, long-term trend direction suggests USDCHF to extend its upward momentum as both MA lines continue to expand upwards after the formation of golden cross.

 

Resistance level: 0.9760, 0.9800

Support level: 0.9725, 0.9665

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