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The USD/CHF currency pair since the beginning of the trading week managed to deploy the prices, showing active "bearish" interest. As of the moment, we see the price approaches near the periodic support level at 0.9700 and continue to hold the descending tone. It is possible that the downward movement will continue, as the price tried to reach the values of 0.9700 / 0.9670, with temporary support which resulted in the formation of a stagnation followed by the reversal of long positions.
Key Levels
Resistance - 0.9765 *; 0.9800
Support - 0.9700 *; 0.9640; 0.9550; 0.9250
Periodic level *
Signals
- It is recommended to buy the pair after the possible renewal of bullish interest. Subsequent to the formation of stagnation within 0.9700 / 0.9670 and the target in the case of working off 0.9765.
- It is recommended to sell the pair with a reduced lot near the targets.
Attention: Predictions are not a direct guide to action!
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