USD/CHF is getting ready to resume a decline

The USD/CHF pair returned to a significant support level of 0.9720-10, which limits the further decline of this pair, in the context of the resumption of the risks of the US-China trade war and on another criticism of the Fed policy by the US President D. Trump.

Fixing the USD/CHF pair below the zone 0.9710-00 will indicate the resumption of the downward trend and open the way to support levels: 0.9650 and 0.9620.

Resistance is located at 0.9730 0.9750.

Read also: “Geopolitical risks for the beginning of 2019!”

Hanzenko Anton

---

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

Topical articles of the trader’s blog:

1. The results of the July Fed meeting for the market
2. Trade signals results for half a year
3. What does British pound wait for with a new prime minister