Forex Marketz Daily Forex News – Fully Markets Update
USD/CHF (0.9504)
- Resistance Levels: 0.9590, 0.9690, 0.9765
- Support Levels: 0.9520, 0.9430, 0.9355
Sellers are trying to push the dollar lower in the USD/CHF Forex pair. There is a confirmed dark cover candlestick pattern and prices have moved lower. This is a confirmed bearish signal.
We are noting near term support at 0.9520. A little further down, at 0.9530 is another support level. A daily close below these levels will challenge 0.9430 and lower. Should the dollar defend, and we note a clear bullish reversal, we will start pushing higher. We would need a daily close above 0.9430 to challenge the technical level at 0.9590. A break above the latter level opens the gates for 0.9760. A close above here challenges 0.9765.
