USDCHF - Orderly retreat
USDCHF (1H) - short term bearish bias
The short-lived recovery in the US dollar came to an end at the 20-day moving average (0.9750). The doji candle was a sign of strong selling pressures. The pair is now sinking towards September 2018 lows (0.9580). On the hourly chart, the greenback has been drifting lower within a well-defined bearish channel. Both moving averages and the higher band of the channel act as strong resistance in case of a pullback. The immediate target can be found at the lower side at around 0.9600.
Key support: 0.9600
Key resistance: 0.9650
The short-lived recovery in the US dollar came to an end at the 20-day moving average (0.9750). The doji candle was a sign of strong selling pressures. The pair is now sinking towards September 2018 lows (0.9580). On the hourly chart, the greenback has been drifting lower within a well-defined bearish channel. Both moving averages and the higher band of the channel act as strong resistance in case of a pullback. The immediate target can be found at the lower side at around 0.9600.
Key support: 0.9600
Key resistance: 0.9650
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.