1,0462. USD CHF broke 1,0550 support. 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. 4H, daily ForexSto (Modified Stochastic) indicate a bearish pressure on USD CHF. The price should find a resistance below 1,0500 (38 pips). The downtrend should continue to gather momentum.
Resistances
1,0500 - 1,0550
Supports
1,0430 - 1,0390

tags: Forex, usdchf
author: Arnaud Jeulin
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