1,0401. USD CHF is in an downtrend directed by 1H exponential moving averages. Bollinger bands are tightened. 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 1,0430 (29 pips). The downtrend should continue to gather momentum.
Resistances
1,0430 - 1,0500
Supports
1,0380 - 1,0325

tags: Forex, usdchf
author: Arnaud Jeulin
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