SUMMARY : USD/CHF had been majorly showing the bullish trend on charts but from the past few
trading sessions, prices are not sustaining at higher levels &
looking weak for the upcoming sessions. If we talk about the technical analysis then the currency pair is consolidating
with strong negative bias to give a breakout at downside. It is
facing resistance of 30 DMA. Prices are also taking support at the
important level of 0.9750. Today's Forex strategy should be such that if the pair breaks its support level
& manages to sustain below it, then it can test its 200 DMA and
come till the levels of 0.9700/0.9660 in today's session.
INDICATORS:-
MACD line is also sustaining in selling territory,
indicating the bearish trend in the pair.
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| Technical Analysis Chart |
STRATEGY :-
USD/CHF
is looking further bearish on charts. One can go for sell on higher
level strategy for this pair for intra day to mid term positions.
