1,0823. USD CHF is in a consolidation after the last bullish movement. USD CHF moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The consolidation should continue. The price should continue to move in 1,0790 / 1,0885 range. If the support breaks then the target will be 1,0550 (273 pips).
- 1,0885 - 1,0935
- 1,0790 - 1,0750