FX.co ★ USD/CHF analysis for June 25, 2018

Recently, USD/CHF has been trading downwards. The price tested the level of 0.9868. According to the H1 time - frame, I found potential end of the downward correction (abc flat), which is sign that selling looks very risky. I also found a hidden bullish divergence and the falling wedge, which is another sign of strength. My advice is to watch for potential buying opportunities if you see a valid breakout of supply trendline. The upward targets are set at the price of 0.9923 and at the price of 0.9983.Resistance levels:

R1: 0.9886R2: 0.9892R3: 0.9897

Support levels: S1: 0.9875S2: 0.9870S3: 0.9864

Trading recommendations for today: watch for potential buying opportunities.