The combination US Dollar/Swiss Franc (USD/CHF) jumps from the bearish trendline down.
A continuation of the downtrend down to the next support level at 0.87952 is expected.
Caution: A possible counter-trend in the direction of resistance at 0.88478 should be noted.
Consider stop-loss settings accordingly.
Support & Resistance | Price Range* |
---|---|
3rd High | 0.88943 |
2nd High | 0.88868 |
Next High | 0.88478 |
Current Price | 0.88059 |
Next Low | 0.87952 |
2nd Low | 0.87008 |
3rd Low | 0.86196 |