GCMAsia - USDCHF
USDCHF
2017-05-19
| Resistance and Support | Level | Explanation |
| Resistance | 0.9820 | H4 |
| Support | 0.9770 | H4 |
USDCHF, H4: USDCHF was traded higher following prior rebound from the support level of 0.9770. As the MACD indicator begins to hover outside of downward momentum, USDCHF is suggested to be traded higher in short-term as technical correction. Otherwise, long-term trend direction still suggest USDCHF to extend its downward momentum.
Resistance level: 0.9820, 0.9865
Support level: 0.9770, 0.9730