USD/CHF may fall 25 - 35 pips
The RSI is below 50.
The MACD is negative and below its signal line.
The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.9230 and 0.9220).
Our preference: The downside prevails as long as 0.9232 is resistance.
Alternative scenario: The upside breakout of 0.9232, would call for 0.9249 and 0.9259.
The MACD is negative and below its signal line.
The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.9230 and 0.9220).
Our preference: The downside prevails as long as 0.9232 is resistance.
Alternative scenario: The upside breakout of 0.9232, would call for 0.9249 and 0.9259.
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