1,1047. USD CHF is in an downtrend directed by 1H exponential moving averages. USD CHF is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 1,1070 (23 pips). The downtrend should continue to gather momentum.
- 1,1070 - 1,1110
- 1,0980 - 1,0950