Technical Analysis for CHF
The upside move was halted yesterday and the pair is back trading close to support level 0.9080 and is now stable above it. Stability above the referred to level might extend the upside attempts whereas Stochastic is still holding on to its bullish move. Breaking 0.9000 levels will fail the upside move possibility intraday today.
The trading range for today is among key support at 0.9155 and key resistance at 0.9465.
The general trend over short term basis is to the downside stable at levels 0.9775 targeting 0.8860.
Support: 0.9080, 0.9045, 0.9000, 0.8980, 0.8930
Resistance: 0.9130, 0.9155, 0.9170, 0.9200, 0.9225
Recommendation Based on the charts and explanations above, our opinion is buying the pair above 0.9080 targeting 0.9100, 0.9170 then 0.9200 and stop-loss with four-hour closing below 0.9000 might be appropriate