Technical Analysis for CHF
The pair managed to stabilize today around 50% correction at 0.9450 shown on graph. Linear Regression Indicators support positivity while momentum indicators tend to be negative. We need to see how the pair would react with the referred to correction, se we prefer to remain neutral.
The trading range for today is among key support at 0.9290 and key resistance at 0.9605.
The general trend over short term basis is to the downside stable at levels 0.9775 targeting 0.8860.
Support: 0.9415, 0.9380, 0.9350, 0.9320, 0.9290
Resistance: 0.9450, 0.9485, 0.9525, 0.9565, 0.9580
Recommendation Based on the charts and explanations above, we prefer to remain neutral waiting for confirmation signals