USD/CHFChart Levels: Support 0.9800…0.9750…0.9500. Resistance 0.9850…0.9880 …1.0000 |
Strategy | Entry | Stop | T1 | T2 |
Weekly: Long | 0.9650 | 0.9540 | 0.9900 | 1.0000 |
The currency pair is rising, after testing the recent bottom. The next couple of weeks it will be trading within 0.9650 – 0.9970. Turning point – 0.9850. If this resistance is breached, the next target is 0.9970. Declining curvatures of moving averages mA (100) and mA (200) are bearish, though the fact that mA (100) is located above mA (200) is still a bullish signal. Therefore, buying is associated with elevated risk concerning a sustainable rally.