(04 APRIL 2019)USD/CHF:Key resistance at 0.9985.

(04 APRIL 2019)USD/CHF:Key resistance at 0.9985.

4 April 2019, 09:57
Jiming Huang
0
57

chf

Pivot (invalidation): 0.9985

Our preference

Short positions below 0.9985 with targets at 0.9960 & 0.9950 in extension.

Alternative scenario

Above 0.9985 look for further upside with 1.0000 & 1.0010 as targets.

Comment

The index currently faces a challenging resistance area at 0.9985.

(By Swissquote TRADING CENTRAL)