Technical Analysis for CHF

Technical Analysis for CHF

The pair consolidated above key support level of the upside move that helped it achieving a positive bias, also stability above Linear Regression Indicators best support this positivity. Stability above 0.9425 levels force us to remain neutral today, while stability above 0.9375 levels makes us hold on to positivity on the short term.

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