Forex Marketz Daily Forex News – Fully Markets Update
- Resistance Levels: 0.9755, 0.9920, 1.0187
- Support Levels: 0.9427, 0.9212, 0.8998
- Trade Strategy: Stand Aside
The US Dollar is continuing to consolidate recent losses against its Swiss franc counterpart just below the pivot at 0.95. A daily close below the technical support at 0.9427 exposes the next support level at 0.9212. A turn higher, for the USD/CHF, see technical resistance at 0.9755. A daily close above this level will challenge the technical resistance at 0.9920.
There is no trade setup at this time. Looking at the charts there is no strong directional bias with price action to warrant a long Dollar or Short Swiss franc trade. For now, I am on the sidelines waiting for a trade opportunity to develop at some point.