GCMAsia - 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