Technical Analysis for CHF
The negative bias of the pair extended yesterday in response to the negative momentum reflected by momentum indicators. Meanwhile, the pair is still stable above 0.9375 levels that are considered a trend interval. Therefore, we will hold on to our positive expectations today, but the pair has to stable above 0.9495 levels to further support these expectations.
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