Technical Analysis for CHF

Technical Analysis for CHF

The pair failed to maintain the gains and stable above 0.9495 weakening positivity without cancelling it. The possibilities of extending the upside move is still valid supported by stability above 0.9375 levels. Today we prefer to stabilize above 0.9425 levels will cancel a negative technical formation supported by Linear Regression Indicators.

The trading range for today is among key support at 0.9375 and key resistance at 0.9655.

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, 0.9610, 0.9655

Recommendation Based on the charts and explanations above, our opinion is buying the pair above 0.9465 targeting 0.9515, 0.9570 then 0.9610 and stop-loss with four-hour closing below 0.9425 might be appropriate