Forex Forum to Share, Discuss, Communicate and Trade Forex

USDCHF: Hesitates, Upside Risk Builds Up

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.

USDCHF: Hesitates, Upside Risk Builds Up

Postby FXTechstrategy » Wed Dec 13, 2017 1:06 pm

USDCHF: The With the pair continuing reject lower prices risk of a recovery higher is likely. On the downside, support lies at the 0.9900 level. A turn below here will open the door for more weakness towards the 0.9850 level and then the 0.9800 level. On the upside, resistance resides at the 0.9950 level where a break will clear the way for more strength to occur towards the 1.0000 level. Further out, resistance comes in at the 1.0050 level. Above here if seen will turn attention to 1.0100. All in all, USDCHF faces further upside pressure but with caution

Posts: 284
Joined: Sat May 14, 2016 4:52 pm

Return to 2+1 = 3 - Technical Analysis Discussions


Who is online on Forum

Registered users: Alexa [Bot], Baidu [Spider], Bing [Bot], Yahoo [Bot]