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GCMAsia - USDCHF
USDCHF
USDCHF
2017-10-30
Resistance and Support Level Explanation
Resistance 0.9990 Daily
Support 0.9940 Daily

USDCHF, Daily: USDCHF was traded lower prior its failure to break resistance level at 0.9990. Formation of pin bar candlestick and downward slope of MACD histogram that reflect diminishing bullish momentum suggest the pair to undergo short-term technical correction to extend losses toward support level at 0.9940.

Resistance level: 0.9990, 1.0085

Support level: 0.9940, 0.9880