The pair US Dollar/Swiss Franc (USD/CHF) moves from the ascending trendline downwards
A bearish trend downwards to the next support level at 0.88650 is likely expected.
Caution: A possible trend reversal in the direction of the resistance line at 0.89175 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 0.88573 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support level at 0.89175 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Support & Resistance | Price Range* |
---|---|
3rd High | |
2nd High | |
Next High | 0.89175 |
Current Price | 0.88788 |
Next Low | 0.88650 |
2nd Low | 0.87971 |
3rd Low | 0.87510 |