USD/CHF is oversold

The USD/CHF  pair was under considerable pressure against the background of the sale of the US currency and the growth of pessimism in the market. At the same time it continues to maintain a two-week sideways dynamics. Against the background of the general oversold of the pair and significant supports, the rebound and resume of the growth is expected from this pair.

USD/CHF purchase deals should be considered on a rebound from the support level of 0.9920-00. Fixing this pair cancels expectations for growth. The goals are located at resistance levels: 0.9960 and 0.9990.

Read also: “European Stock Market: London Stock Exchange”

Hanzenko Anton

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