USDCHF: Traded up to 0.9910

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

 

 

USDCHF

 

 

 

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