SUMMARY :-
The major trend of USDCHF is bullish on charts but from the past few trading sessions, prices are not sustaining at higher levels & looking weak for the upcoming sessions. The pair is consolidating with strong negative bias to give a breakout at downside. It is facing resistance of 30 DMA. Prices are also taking support at the important level of 0.9750. Today if the pair breaks its support level & manages to sustain below it, then it can test its 200 DMA and come till the levels of 0.9700/0.9660 in today's session.
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USDCHF
( Hourly ) :
USDCHF Chart Today |
INDICATORS:-
MACD line is also sustaining in selling territory, indicating the bearish trend in the pair.
STRATEGY :-
USDCHF is looking further bearish on charts. One can go for sell on higher level strategy for this pair for intra day to mid term positions.
PIVOT POINTS :
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S3
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S2
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S1
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PIVOT
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R1
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R2
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R3
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EUR/USD |
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GBP/USD |
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USD/JPY |
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USD/CHF |
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AUD/USD |
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EUR/GBP |
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USD/CAD |
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NZD/USD |
0.7641
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