1,1373. USD CHF is in a consolidation after the last bearish movement. USD CHF moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility decreases. Bollinger bands are parallel and form the trend. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CHF. The price should find a support above 1,1350 (23 pips). The consolidation should continue. If the support breaks then the target will be 1,1240 (133 pips).
- 1,1450 - 1,1550
- 1,1350 - 1,1240