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U.S. Dollar / Swiss Franc
Short

USD/CHF technical analysis: Sell pressure Continue Touch 1.0030

By Saleh11
Updated
snapshotUSD/CHF is trading below the 50 and 100 SMAs suggesting a correction down in the medium term.USD/CHF is testing the 38.2 Fibonacci retracement from March low-April high. There is scope for further weakness to 1.0060 the 50% Fib retracement.
Sellers have been relentless on Friday as the market is trying to break below 1.0100 level. A breach below it, would open the gates to 1.0080 and 1.0060 level. Immediate resistance is seen at 1.0120 and 1.0150 level.
USDCHF H4 200 ma is here 1.0107 level so Market stable 1.0107 sell is continue and also break technical H4 channel time frame .
Daily breakout technical channel target 1.0000 Level and 0.9960 level .
Trade closed: target reached
USDCHF 1.0060 the 50% Fib retracement is Done. Next target is 1.0030 is coming.
Beyond Technical AnalysisForexforextradingTechnical IndicatorsTechnical AnalysisTrend AnalysisUSDCHFusdchfanalysisusdchfbreakoutusdchfshort
Saleh11
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