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


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

Topical articles of the trader’s blog:

  1. What does the decline in active drilling rigs in the USA indicate?
  2. The U.S.-China trade agreement news
  3. The trade war risks are coming back

Current Investment ideas:

  1. Several reasons to buy Cisco Systems, Inc. shares in October. Let’s earn Together!

Аналитическая рассылка

Analytical newsletter
Subscribe to the analytical newsletter to be up-to-date with current events!

Вы с украины?