USDCHF has hit 19-months low.

USDCHF - 24h expiry - We look to Sell at 0.9129 (stop at 0.9159)

Trades at the lowest level in 19months.
Previous support at 0.9125 now becomes resistance.
We are trading at oversold extremes.
Our short term bias remains negative.
Preferred trade is to sell into rallies.
We look for a temporary move higher.

Our profit targets will be 0.9059 and 0.9049

Resistance: 0.9065 / 0.9100 / 0.9125
Support: 0.9052 / 0.9025 / 0.9000

Risk Disclaimer

The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.

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