GCMAsia - USDCHF
USDCHF
2017-05-29
| Resistance and Support | Level | Explanation |
| Resistance | 0.9825 | Daily |
| Support | 0.9720 | Daily |
USDCHF, Daily: USDCHF was traded higher following a rebound from the strong support level of 0.9720. With regards to downward signal from MACD histogram which continues to narrow upwards suggests USDCHF to be traded higher in short-term as technical correction. The downward expansion of both MA lines after the formation of death cross still suggests an extension of downtrend in the long-term.
Resistance level: 0.9825, 0.9910
Support level: 0.9720, 0.9635