Technical Analysis for CHF

Technical Analysis for CHF

The pair broke the minor ascending channel as shown on graph, but trading is still limited above 1.0235 and above the bullish key support of the medium and long-term trend. Therefore, we are forced to remain intraday neutral today especially that Stochastic is showing oversold signals, while Linear Regression Indicators became intraday negative.

The trading range for today is between the key support at 1.0235 and the key resistance at 1.0455.

The general trend over short term basis is to the upside with steady daily closing above 1.0100 targeting 1.0775.

Support: 1.0300, 1.0275, 1.0235, 1.0215, 1.0200
Resistance: 1.0365, 1.0380, 1.0400, 1.0420, 1.0455

Recommendation Based on the charts, we prefer to remain neutral waiting for confirmation signals