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FX.co ★ Technical analysis and trading recommendations for the USD/CHF currency pair as of November 16, 2017

Technical analysis and trading recommendations for the USD/CHF currency pair as of November 16, 2017

The USD/CHF currency pair shows an active downward interest and reached a periodic support level of 0.9850. The support level was established but followed by a rollback. Currently, the bulls are seen to win back the early decline which resulted in a formation of a corrective movement in the market. It is possible to assume that the "bullish" interest will still remain on the market with the possible return to the market at a price value of 0.9920. Presumably, the "bears" will again try to return to the market.

Key Levels

Resistance is 0.9950; 1,0035 *; 1.0100; 1.0190.

Support - 0.9850; 0.9700.

Periodic level *

Technical analysis and trading recommendations for the USD/CHF currency pair as of November 16, 2017

Draw your attention: Predictions are not a direct guide to action!

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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