1,0601. USD CHF is in an downtrend directed by 1H exponential moving averages. USD CHF broke the uptrend to begin a bearish movement. Bollinger bands are flat. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 1,0630 (29 pips). The downtrend should continue to gather momentum.
Resistances
1,0630 - 1,0685
Supports
1,0550 - 1,0500

tags: Forex, usdchf
author: Arnaud Jeulin
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