Contributors Technical Analysis USD/CHF Turning Down

USD/CHF Turning Down

Pivot (invalidation): 0.9995

Our preference Short positions below 0.9995 with targets at 0.9970 & 0.9960 in extension.

Alternative scenario Above 0.9995 look for further upside with 1.0005 & 1.0015 as targets.

Comment Technically the RSI is below its neutrality area at 50. The pair has swung back to the lower Bollinger band suggesting potential of further downside

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