The USD/CHF chart shows bullish momentum, possibly bouncing off the 1st support level at 0.8983 towards the 1st resistance. The 1st support aligns with an overlap support, and the 2nd support at 0.8934 reinforces this potential support. On the resistance side, the 1st resistance is a multi-swing high at 0.9033, with the 2nd resistance being an overlap resistance at 0.9088. The Relative Strength Index (RSI) displays bullish divergence, indicating a possible rapid price increase, supporting the potential for a bullish move.
The material has been provided by InstaForex Company – www.instaforex.com
The USD/CHF chart shows bullish momentum, possibly bouncing off the 1st support level at 0.8983 towards the 1st resistance. The 1st support aligns with an overlap support, and the 2nd support at 0.8934 reinforces this potential support. On the resistance side, the 1st resistance is a multi-swing high at 0.9033, with the 2nd resistance being an overlap resistance at 0.9088. The Relative Strength Index (RSI) displays bullish divergence, indicating a possible rapid price increase, supporting the potential for a bullish move.
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: