Technical Analysis for CHF

Technical Analysis for CHF

The pair is trading around 38.2% correction at 0.9380 which is the intraday interval of today’s session. Stabilizing above the referred to level might trigger another attempt to the upside. . We will hold on to our positive expectations especially that Linear Regression Indicators support these expectations; of note, RSI is showing overbought signals which require not to break 0.9290 for the bullish possibility to remain valid.

The trading range for today is among key support at 0.9290 and key resistance at 0.9525.

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

Support: 0.9350, 0.9320, 0.9290, 0.9265, 0.9230
Resistance: 0.9380, 0.9400, 0.9450, 0.9485, 0.9525

Recommendation Based on the charts and explanations above, our opinion is buying the pair above 0.9360 targeting 0.9400, 0.9450 then 0.9525 and stop-loss with four-hour closing below 0.9290 might be appropriate today