Technical Analysis for CHF

Technical Analysis for CHF

Despite the drop the pair is witnessing from the beginning of this week, trading is still stable above 0.9375 levels. We consider this level as the key to the upside move, whereas stability above it might bring back bullishness.

The trading range for today is among key support at 0.9320 and key resistance at 0.9570.

The general trend over short term basis is to the downside stable at levels 0.9775 targeting 0.8860.

Support: 0.9375, 0.9350, 0.9320, 0.9305, 0.9270
Resistance: 0.9425, 0.9465, 0.9490, 0.9515, 0.9570

Recommendation Based on the charts and explanations above, our opinion is buying the pair above 0.9375 targeting 0.9425, 0.9465 then 0.9515 and stop-loss with four-hour closing below 0.9305 might be appropriate