Technical Analysis for CHF
The pair is at the resistance level of the expanding sideways range as shown on graph; meanwhile the pair is stable above 38.2% correction at 0.9380. The referred to resistance level resides at 0.9415, as we see the pair within a tight range between 0.9380 and 0.9415 forcing us to remain intraday neutral today because Risk/Reward Ratio is inappropriate and some bullishness is expected.
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: 0.9380, 0.9350, 0.9320, 0.9290, 0.9265
Resistance: 0.9415, 0.9450, 0.9485, 0.9525, 0.9565
Recommendation Based on the charts and explanations above, we prefer to remain neutral waiting for confirmation signals