Contributors Technical Analysis USD/CHF Intraday Support Around 0.9970

USD/CHF Intraday Support Around 0.9970

Pivot (invalidation): 0.9970

Our preference Long positions above 0.9970 with targets at 1.0000 & 1.0015 in extension.

Alternative scenario Below 0.9970 look for further downside with 0.9960 & 0.9950 as targets.

Comment Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Previous articleS&P 500 Further Advance
Next articleUSD/CAD Capped By A Negative Trend Line
Trading foreign exchange, spot precious metals and any other product on the Forex platform involves significant risk of loss and may not be suitable for all investors. Prior to opening an account with Swissquote, consider your level of experience, investment objectives, assets, income and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not speculate, invest or hedge with capital you cannot afford to lose, that is borrowed or urgently needed or necessary for personal or family subsistence. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

NO COMMENTS

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Exit mobile version