Forex Forum to Share, Discuss, Communicate and Trade Forex

USDCHF: Extends Bull Pressure, Eyes 1.0000 Zone

Discuss Technical Analysis for various currency pairs and share your views. You may also like to check our Forex technical analysis and Forex forecast sections.
Image

USDCHF: Extends Bull Pressure, Eyes 1.0000 Zone

Postby FXTechstrategy » Wed Mar 29, 2017 12:56 pm

USDCHF: The pair looks to extend its upside pressure leaving of bull pressure. On the downside, support lies at the 0.9950 level. A turn below here will open the door for more weakness towards the 0.9900 level and then the 0.9850 level. On the upside, resistance resides at the 1.0000 level where a break will clear the way for more strength to occur towards the 1.0050 level. Further out, resistance comes in at the 1.0100 level. Its daily RSI is bullish and pointing higher suggesting further strength. All in all, USDCHF faces further price strength.

Image
FXTechstrategy
 
Posts: 256
Joined: Sat May 14, 2016 4:52 pm

Return to 2+1 = 3 - Technical Analysis Discussions

 

Who is online on Forum

Registered users: Andrea ForexMart, Baidu [Spider], Bing [Bot], Google [Bot], HFblogNews, katetrades, Yahoo [Bot]

cron