USD/CHF is near a significant support - Ester Holdings

USD/CHF is near a significant support

The USD/CHF pair in the face of uncertainty fell to a significant support of 0.9870-50, which corresponds to the lower border of the four-month uptrend.

We can expect the formation of an upward reversal from this level with the support of fundamental factors.

A resumption of growth can be expected above the level: 0.9900-10, which will open the way to resistance levels: 0.9950 and 0.9970. Support are the marks: 0.9880 and 0.9860.

Read also: “How Real is the currency intervention in the US

Hanzenko Anton

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