Forex Marketz Daily Forex News – Fully Markets Update
USD/CHF: 0.9681
- Resistance Levels: 0.9745, 0.9910, 1.0178
- Support Levels: 0.9427, 0.9212, 0.8998
- Trade Strategy: Stand Aside
The USD/CHF is still trading sideways just above the key pivot at 0.94. Refer to the below daily MT 4 chart and note the bearish Dark Cover candlestick. This hints at a possible weakening for the USD.
A daily close above the technical resistance at 0.9745 challenges the technical resistance at 0.9910. A move below the technical support at 0.9427 challenges the technical support at 0.9212.
Price action tells us there is no actionable trade at this time. Trading range is very narrow. With that said and with no obvious long or short trade setup at this time, I am sitting on the sidelines watching the charts for something to materialize.
