FX.co ★ Trading recommendations for the USD / CHF currency pair as of June 7, 2018

The currency pair USD / CHF after a small stagnation, managed to continue the downward movement. Yesterday, we discussed that the congestion of 0.9850, reflecting to us the periodic level and the "Fibo" value of 23.6, slowed the quotation, forming on the market a slight stagnation of 0.9820 / 0.9890, on which attractive pending orders could be put. Now, we see that the lower limit of stagnation is 0.9820, this is the same as the fractal, fell, revealing to us the way to the subsequent point of 0.9770. It is likely to maintain a downward interest, where the quotation will try to approach the values of 0.9770 / 0.9730, forming a stagnation in the vicinity of these points, from which we will again issue orders.

Key Levels

Resistance zones: 0.9850; 0.9960 *; 1.0050 **

Support zones: 0.9770 *; 0.9730 ***

* Periodic level

** Range level

*** Fibo level 38.2