USD/CHF – 30M – BUYThe currency pair goes from the bullish trendline downwards
A bearish trend downwards to the next support level at 0.84512 is expected.
Caution: A possible trend reversal in the direction of the resistance zone at 0.85061 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Current target is 0.85146 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance zone at 0.85061 could occur.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.85495 |
| 2nd High | 0.85146 |
| Next High | 0.85061 |
| Current Price | 0.84942 |
| Next Low | 0.84512 |
| 2nd Low | 0.84488 |
| 3rd Low | 0.83905 |