USDCHF January, 23 2020

Technical Analysis
Thursday, January 23, 2020 - 13:41
Point Trader Group
USDCHF January, 23 2020

Overview:

We notice on the above chart that the pair is trading below a strong resistance level represented in the falling trend line, which enhances the chances of falling during today's trading

Expected:

Continuing trading below the aforementioned resistance level enhances the downside chances for the pair to target 0.9620

Alternative Scenario:

On the other hand, we see that breaching the falling trend line level might push the pair to rise to 0.9740


 

Resistance0.97000.97400.9785
Support0.96200.96000.9580

 


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