GCMAsia - USDCHF
![USDCHF](https://www.gcmasia.co/analysis/en/wp-content/uploads/sites/2/2016/10/USD2.png)
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