1,1217. USD CHF is in an downtrend directed by 1H exponential moving averages. USD CHF is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 1,1340 (123 pips). The downtrend should continue to gather momentum.
- 1,1265 - 1,1340
- 1,1160 - 1,1080