USD/CHF goes into a correction phase

The USD/CHF pair tested the support level of 0.9850, against the background of a general dollar’s decline and rising risks, thereby indicating moving of the pair to the correction phase after a two-week growth. The main support, limiting the further decline of the pair, is located at the level of 0.9860-50, breaking through it will open the way to the support levels: 0.9800 and 0.9780-70. Resistance is area of 0.9870-0.9900.

Read also: “Forex Trading Tactics: Keep the Perron – The Car Departs”

Hanzenko Anton

Earn with the help of the trade service on the news Erste News!

Topical articles of the trader’s blog:

1. Trump presidency results (1/2).
2. Trump presidency results (1/1).
3. Trading with shares. Advantages and disadvantages.

Current Investment ideas:

1. Easier on corners! Intel shares can bring a good profit on the reversal!
2. The consumer giant is weakening to resume the growth! Connect!