1,0297. USD CHF is in an downtrend directed by 4H exponential moving averages. USD CHF is in a consolidation after the last bearish movement. The volatility is high. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H, daily ForexSto (Modified Stochastic) indicate a bearish pressure on USD CHF. The price should find a support above 1,0275 (22 pips). The consolidation should continue. If the support breaks then the target will be 1,0180 (117 pips).
Resistances
1,0330 - 1,0390
Supports
1,0275 - 1,0235

tags: Forex, usdchf
author: Arnaud Jeulin
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