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.
Resistances
1,0600 - 1,0620
Supports
1,0550 - 1,0500

tags: Forex, usdchf
author: Arnaud Jeulin
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