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.
- 1,0630 - 1,0685
- 1,0550 - 1,0500