Technical Analysis for CHF
The pair dropped and is trading below 50% correction at 0.9495 levels weakening positivity without cancelling it. Momentum indicators are showing overbought signals but Linear Regression Indicators are extending negativity. Hence, we will hold on to our positive expectations as long as the pair stabled above 0.9375 levels.
The trading range for today is among key support at 0.9375 and key resistance at 0.9610.
The general trend over short term basis is to the downside stable at levels 0.9775 targeting 0.8860.
Support: 0.9465, 0.9425, 0.9400, 0.9375, 0.9350
Resistance: 0.9495, 0.9515, 0.9570, 0.9600, 0.9655
Recommendation Based on the charts and explanations above, our opinion is buying the pair above 0.9465 targeting 0.9495, 0.9570 then 0.9610 and stop-loss with four-hour closing below 0.9375 might be appropriate