USD / CHF continues to grow in the ascending channel on the weekly chart, the upper limit of which passes above the resistance level of 1.0130 (2016 highs and Fibonacci level 100% of the upward correction to the last global decline wave since December 2016 and from 1.0300). On Friday, USD / CHF continues to grow, trading above the support level of 0.9945 (ЕМА50 on the daily chart).
USD / CHF maintains a long-term positive trend, trading above the key support level of 0.9855 (ЕМА200 on the daily chart). Breakdown of the support level of 0.9945 may trigger a correction to the support level of 0.9855.
However, long positions are preferred. Purchases look safe above 0.9945 support level.
*)An advanced fundamental analysis is available on the Tifia Forex Broker website at tifia.com/analytics
Support Levels: 0.9945, 0.9875, 0.9855, 0.9745
Resistance Levels: 1.0000, 1.0040, 1.0090, 1.0100, 1.0300, 1.0130
Trading Scenarios
Buy in the market. Stop Loss 0.9935. Take-Profit 1.0000, 1.0040, 1.0090, 1.0100, 1.0300, 1.0130
Sell Stop 0.9935. Stop Loss 0.9980. Take-Profit 0.9875, 0.9855, 0.9745
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