1,0583. USD CHF is in an downtrend directed by 1H exponential moving averages. The volatility rises. Bollinger bands are deviated. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. daily ForexSto (Modified Stochastic) indicate a bearish pressure on USD CHF. The downtrend should continue to gather momentum. The price should find a support above 1,0550 (33 pips). If the support breaks then the target will be 1,0500 (83 pips).
Resistances
1,0600 - 1,0640
Supports
1,0550 - 1,0500

tags: Forex, usdchf
author: Arnaud Jeulin
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