The USD / CHF currency pair is currently in the correction phase after it has reached the resistance level range of 1.0050 / 1.0100. Considering the current picture, we can say that the "bears" have already received more than 200 points of the return stroke, reaching the level of 0.9850, which at the same time reflects to us the interlacing with the "Fibo" value of 23.6. It is possible to assume that the concentration near the value of 0.9850 will continue, pouring out a temporary stagnation within 0.9820 / 0.9890, where traders will be able to place orders.
Trading Opportunities
- The position on the purchase can be considered after fixing the price above 0.9900, with the prospect of 0.9960 and the possible refill to 1.0050. (value 1.0050 is considered only after fixing above 0.9985)
- Positions for sale can be considered after fixing the price below 0.9820, with the prospect of 0.9770 / 0.9730.
Key Levels
Resistance zones: 0.9960 *; 1.0050 **
Support zones: 0.9850; 0.9770 *
* Periodic level
** Range level