USD/CHF Upside Invalidated

USD/CHF has failed to stabilize above 0.9154 upside obstacle signaling that the rate could drop again. You can see that it has escaped the channel’s body suggesting selling in the short term.

  • USD/CHF Trading Tips & Conclusion

Sell USD/CHF if the price reaches 0.9100 psychological level. The 0.9018 level is seen as a potential downside target. The major downtrend line could attract the rate as well.

A buying opportunity could appear only if the price passes above the 0.9165 former high. This scenario is less likely to happen right now after today’s aggressive drop.

The material has been provided by InstaForex Company – www.instaforex.com

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MOKAR

Author: MOKAR

Mula berdagang dalam pasaran forex sejak tahun 2003. Manakala pasaran bursa saham tempatan dan global pada tahun 2018. Menjadikan trading online sebagai kerjaya sepenuh masa pada tahun 2019. Kerjaya sebelum ini adalah seorang salesman kereta. Berpengalaman dengan pelbagai teknik dan perguruan tetapi akhirnya sangat serasi dengan teknik FMCBR @ Fibo Musang melalui guruku Cikgu Baha & Cikgu Zul.

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