1,0222. USD CHF is in an downtrend directed by 1H exponential moving averages. The volatility is low. Bollinger bands are parallel and form the trend. 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 1,0245 (23 pips). The downtrend should continue to gather momentum.
Resistances
1,0245 - 1,0275
Supports
1,0190 - 1,0110

tags: Forex, usdchf
author: Arnaud Jeulin
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