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

 

  Disclosure of risk:     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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