1,0620. USD CHF is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. daily ForexSto (Modified Stochastic) indicate a bearish pressure on USD CHF. The consolidation should continue. The price should continue to move in 1,0560 / 1,0650 range. If the support breaks then the target will be 1,0500 (120 pips).
Resistances
1,0650 - 1,0735
Supports
1,0560 - 1,0540

tags: Forex, usdchf
author: Arnaud Jeulin
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