1,1461. USD CHF is in a consolidation after the last bullish movement. USD CHF moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are parallel and form the trend. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. The price should find a resistance below 1,1500 (39 pips). If the resistance breaks then the target will be 1,1560 (99 pips).
- 1,1500 - 1,1560
- 1,1400 - 1,1315