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USD/CHF Daily Technical Analysis | 17 January 2018

2018-01-16 11:15 pm | Resource: Technical Analysis | No Views : 162

 
Time frame Used - four hours
The USD / CHF is moving in a bearish direction in the near term
USD CHF CHART

USD / CHF still faces selling pressure as the sell-off managed to control the USD / CHF move to the 0.9597 support level
  And looking at the technical indicators
Both the RSI and the Stochastic are indicating signs of recovery
  Accordingly, we expect the USD / CHF to return to 0.9668 - 0.9700
  The alternative scenario is to drop back to 0.9597 again
Resistance: 0.9641 - 0.9668 - 0.9700
Support: 0.9597 - 0.9566 - 0.9528
Direction: Down

Technical Analysis

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