USD/CHF resumes the downward dynamic

The USD/CHF pair resumed the monthly downtrend, against the background of increasing risks around the US Federal Reserve, associated with a reduce the likelihood of US interest rates and a general increase in risks. So, with the return of this pair under the mark of 0.9950, we should expect an acceleration of the downward trend. At the same time, the zone of significant support is at the level of 0.9900-10, the breaking through of which will be the reason for accelerating the decline and updating of support: 0.9850 and 0.9830. The resistance is the mark: 0.9930 and 0.9960.

Read also: “Moving Averange as an indicator of determining trend strength”

Hanzenko Anton

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