Technical Analysis for CHF

Technical Analysis for CHF

The pair failed to stabilize above 0.9370 minimizing chances for a bullish correction especially that its trading again below the key ascending support level as shown on graph. Meanwhile, the pair is still stable above Linear Regression Indicators forcing us to prefer remain neutral today especially that Stochastic is showing intraday overbought signals with stabilizing below 0.9370 levels.

The trading range for today is among key support at 0.9180 and key resistance at 0.9460.

The general trend over short term basis is to the downside stable at levels 0.9775 targeting 0.8860.

Support: 0.9325, 0.9295, 0.9270, 0.9245, 0.9205
Resistance: 0.9370, 0.9400, 0.9425, 0.9460, 0.9495

Recommendation Based on the charts and explanations above, we prefer to remian neutral waiting for confirmation signals