USD/CHF Intraday Bearish
Pivot point: 0.9489
Resistance level 1: 0.9514 Resistance level 2: 0.9551 Resistance level 3: 0.9576
Support level 1: 0.9452 Support level 2: 0.9428 Support level 3: 0.9391
The bullish trend failed to persist on Monday and resulted a lost in the end. It broke below the second support level and closed slightly above it. For a bullish trend to reboot then first resistance level of 0.9514 needs to be broken, which could allow the pair to push higher to 0.9551. If bearish momentum Is gathered and pulls the pair down to 0.9452 then it may plummet to 0.9428.
Pivot point: 0.9489
Resistance level 1: 0.9514 Resistance level 2: 0.9551 Resistance level 3: 0.9576
Support level 1: 0.9452 Support level 2: 0.9428 Support level 3: 0.9391
The bullish trend failed to persist on Monday and resulted a lost in the end. It broke below the second support level and closed slightly above it. For a bullish trend to reboot then first resistance level of 0.9514 needs to be broken, which could allow the pair to push higher to 0.9551. If bearish momentum Is gathered and pulls the pair down to 0.9452 then it may plummet to 0.9428.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.