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Technical Analysis

We provide an up-to-date Technical Analysis reports of the forex market, metals, oil and global indices to highlight the most important expected movements on the charts.

USDCHF 05.07.2021

Technical Analysis
Monday, July 05, 2021 - 15:48
Point Trader Group
USDCHF 05.07.2021

Overview:

The pair is trading in a downtrend on the daily basis 

Expected scenario: 

The above chart shows that the pair is trading below a strong resistance level around 0.9230, which enhances the chances of descending during today's trading to 0.9200. 

alternative scenario:

On the other hand, we see that if 0.9230 is broken upwards, it may push the pair up to 0.9280.

 

Resistance levels0.92300.92600.9290
Support levels0.92000.91700.9150

 

*Risk Disclaimer: Point Trader Group will not accept liability for any loss or damage as a result of reliance on the provided information.

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