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USD/CHF 0.9754 is Interim Resistance

By:
Nenad Kerkez
Published: Jan 13, 2020, 09:15 UTC

Dear Traders, The USD/CHF has formed a confluence signal ( red arrow with a circle) exactly at the close at 0.9755. We should see a continuation lower.

USD/CHF 0.9754 is Interim Resistance

The pair is in a bearish trend. Rejections from the W H3 0.9754 should move the USD/CHF towards 0.9700. A move below and the target will be 0.9674. 0.9754-0.9770 is a strong resistance area. Only if the price moves above M H3 – 0.9770 we should see a potential for uptrend continuation and potential trend change. Below W H3 zone, the price is bearish.

The Analysis has been done with the CAMMACD.Core and Sit Systems

About the Author

Nenad Kerkezcontributor

M.Ec. Nenad Kerkez aka Tarantula is Elite CurrenSeas Head trader and a valued contributor to many premium Forex and trading websites.

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