USD/CHF – 30M – BUYThe pair jumps from the ascending trendline downwards
A descending movement down to the next support level at 0.85145 is likely expected.
Caution: A possible change in the direction of the resistance line at 0.85424 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 0.85300572 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the resistance line at 0.85424 could happen.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.85614 |
| 2nd High | 0.85495 |
| Next High | 0.85424 |
| Current Price | 0.85253 |
| Next Low | 0.85145 |
| 2nd Low | 0.84901 |
| 3rd Low | 0.84484 |