|Resistance and Support||Level||Explanation|
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