1,0609. USD CHF is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. daily ForexSto (Modified Stochastic) indicate a bearish pressure on USD CHF. The price should continue to move in 1,0560 / 1,0660 range. If the support breaks then the target will be 1,0550 (59 pips).
- 1,0660 - 1,0735
- 1,0560 - 1,0540