Technical analysis:
USD/CHF has been trading in the downside trend and I see potential for the further downside continuation.
Due to the buying climax on Friday and downside trend in the background, I see potential for the downside continuation towards lower references.
Downside objective is set at the price of 0.8870
MACD oscillator is showing fresh downside cross, which is another good sign for the further downside movement.
Key resistance is set at the price of 0.8950
The material has been provided by InstaForex Company – www.instaforex.com
Technical
analysis:
USD/CHF
has been trading in
the downside trend and I see potential for the further downside
continuation.
Due
to the buying
climax on Friday and downside trend in the background, I see
potential for the downside continuation towards lower references.
Downside
objective is set at the price of 0.8870
MACD
oscillator is showing fresh downside cross, which is another good
sign for the further downside movement.
Key
resistance is set at the price of 0.8950
The material has been provided by InstaForex Company – www.instaforex.com
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