USD/CHF resumes a decline

The  USD/CHF pair unloaded the general oversold, which limited its further decline, after a weekly movement in the flat .

A resumption of decline in this pair can be expected when breaking through support: 0.9690-0.9680.

This will indicate a resumption of the downtrend and open the way to support levels: 0.9650 and 0.9620. Resistance are the levels: 0.9710 and 0.9730.

Read also: “Emerging markets and their prospects:
Chinese Yuan (CNH or CNY)»

Hanzenko Anton

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