USD/CHF – 30M – BUYThe currency pair moves from the ascending trendline downwards
A descent downwards to the next support at 0.84295 is considered certain.
Caution: A possible change in the direction of the resistance level at 0.84768 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend is considered certain. Current target is 0.84853846 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the resistance level at 0.84768 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.85006 |
| 2nd High | 0.84940 |
| Next High | 0.84768 |
| Current Price | 0.84676 |
| Next Low | 0.84295 |
| 2nd Low | 0.84216 |
| 3rd Low | 0.83740 |