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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
| Resistance | 0.9720 | 0.9750 | 0.9800 |
| Support | 0.9650 | 0.9620 | 0.9600 |
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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