1,0604. 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 is high. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The downtrend should continue on 1,0550 support (54 pips).
Resistances
1,0635 - 1,0710
Supports
1,0550 - 1,0530

tags: Forex, usdchf
author: Arnaud Jeulin
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