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”

Hanzenko Anton

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

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