1,0593. 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 decreases. Bollinger bands are tightened. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 1,0600 (7 pips). The downtrend should continue to gather momentum.
- 1,0600 - 1,0620
- 1,0550 - 1,0500