The USD/CHF chart currently shows bearish momentum with a potential move towards the 1st support at 0.8940, which aligns with an overlap support. Another support at 0.8888, a swing low support, further strengthens the potential support zone. On the resistance side, the 1st resistance at 0.8999 is characterized as an overlap resistance, coinciding with the 61.80% Fibonacci Retracement level, suggesting strong potential resistance. The 2nd resistance at 0.9092 is also an overlap resistance, indicating another area of potential selling pressure.
The material has been provided by InstaForex Company – www.instaforex.com
The USD/CHF chart currently shows bearish momentum with a potential move towards the 1st support at 0.8940, which aligns with an overlap support. Another support at 0.8888, a swing low support, further strengthens the potential support zone. On the resistance side, the 1st resistance at 0.8999 is characterized as an overlap resistance, coinciding with the 61.80% Fibonacci Retracement level, suggesting strong potential resistance. The 2nd resistance at 0.9092 is also an overlap resistance, indicating another area of potential selling pressure.
The material has been provided by InstaForex Company – www.instaforex.com
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