USDCHF January, 27 2020

Technical Analysis
Monday, January 27, 2020 - 13:16
Point Trader Group
USDCHF January, 27 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 might push the pair down to 0.9625

Alternative Scenario:

On the other hand, we see that if the falling trend line is broken up, it could push the pair to rise to 0.9780

 

 

Resistance0.97200.97500.9800
Support0.96500.96200.9600

 


Related Topics

REQUEST A CALL BACK

We Are Always Ready To Help You

YOU CAN TRUST POINT

For Expert Financial Advice