1,0647. USD CHF is in an downtrend directed by 1H exponential moving averages. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. daily ForexSto (Modified Stochastic) indicate a bearish pressure on USD CHF. The downtrend should continue to gather momentum.
Resistances
1,0680 - 1,0715
Supports
1,0635 - 1,0590

tags: Forex, usdchf
author: Arnaud Jeulin
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