USDCHF: 0.9900
US$Chf has traded up to 0.9910 and looks set for further gains in the coming session although I think it will be generally fairly steady ahead of tomorrow’s US Jobs data
1 hour/4 hour indicators: Turning higher
Daily Indicators: Turning higher
Weekly Indicators: Neutral
Preferred Strategy: With both the short term and daily momentum indicators looking constructive we could see a run back to 0.9940/50 and possibly to 1.0000+.
Buy US$Chf @ 0.9880. SL @ 0.9840, TP @ 0.9980.
Resistance | Support | ||
1.0000 | Psychological | 0.9854 | Session low |
0.9975 | Minor | 0.9835 | 100 WMA /5 Dec low |
0.9946 | 21 Nov high | 0.9805 | 200 DMA |
0.9910 | Session high | 0.9783 | Chart Gap |
0.9895 | (76.4% of 0.9946/0.9776) | 0.9735 | 1 Dec low /100 DMA |
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