USD/CHF is near a significant support
The USD/CHF pair on the H4 timeframe, after a decline in the results of the meeting of the Central Bank of Switzerland, approached a significant support level: 0.9900-0.9890. The level corresponds to the lower boundary of the two-month ascending channel.
Deals for sale should be considered on the formation of a reversal and return above the level of 0.9920-30.
This will indicate the resumption of the uptrend and open the way to resistance levels: 0.9980 and 1.0000. Support is supported by the levels: 0.9890 and 0.9870, fixing a pair below which will cast doubt on the safety of the uptrend.
Read also: “Cryptocurrencies as a new safe haven assets”
Earn with the help of the trade service on the news Erste News!
Topical articles of the trader’s blog:
- How real is the clowdown of a bearish trend for the euro?
- Gold forms a reversal. Correction before the resumption of growth
- Oil market: does it form a reversal or maintain lateral dynamics
Current Investment ideas: