As Windsor Brokers analyst Slobodan Drvenica states: “Overbought conditions risk corrective pullback, before fresh action. Previous resistances at 0.9300/0.9280 zone, now offer initial support”. At the moment of writing, the USD/CHF is quoting at 0.9346 and is headed to March 8 high, at 0.9363.
Drvenica points resistances at 0.9338, 0.9350, 0.9400 and 0.9450. On the downside, supports might be found at 0.9300, followed by 0.9280, 0.9260 and 0.9233.
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