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USD/CHF technical analysis: Sell pressure Continue Touch 1.0030

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USA-dollar/Schweizisk franc (OANDA:USDCHF)  
Saleh11 Uppdaterad   
OANDA:USDCHF   USA-dollar/Schweizisk franc
Trend Analysis Technical Indicators Beyond Technical Analysis USDCHF usdchfshort usdchfanalysis usdchfbreakout Technical Analysis Forex forextrading
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trendanalysis indicator beyondta usdchf usdchfshort usdchfanalysis usdchfbreakout technicalanalysis forex forextrading
snapshot
USD/CHF is trading below the 50 and 100 SMAs suggesting a correction down in the medium term.USD/CHF is testing the 38.2 Fibonacci retracement from March low-April high. There is scope for further weakness to 1.0060 the 50% Fib retracement.
Sellers have been relentless on Friday as the market is trying to break below 1.0100 level. A breach below it, would open the gates to 1.0080 and 1.0060 level. Immediate resistance is seen at 1.0120 and 1.0150 level.
USDCHF H4 200 ma is here 1.0107 level so Market stable 1.0107 sell is continue and also break technical H4 channel time frame .
Daily breakout technical channel target 1.0000 Level and 0.9960 level .
Trade stängt: målet nått:
USDCHF 1.0060 the 50% Fib retracement is Done. Next target is 1.0030 is coming.
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