Forex Forum to Share, Discuss, Communicate and Trade Forex

USDCHF: Vulnerable, Turns Lower On Correction

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: Vulnerable, Turns Lower On Correction

Postby FXTechstrategy » Mon Dec 18, 2017 1:32 pm

USDCHF: The pair faces further downside pressure after it triggered a correction during early trading today. On the downside, support lies at the 0.9850 level. A turn below here will open the door for more weakness towards the 0.9800 level and then the 0.9750 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 corrective pullback pressure.

Image
FXTechstrategy
 
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]

cron