Recently, the USD/CHF pair has been trading downwards. The price tested the level of 0.9817. According to the H1 time – frame, I found broken symmetrical triangle, which is a sign that sellers are in control. My advice is to watch for potential selling opportunities. The downward target is set at the price of 0.9760.
Resistance levels:
R1: 0.9886
R2: 0.9911
R3: 0.9935
Support levels:
S1: 0.9835
S2: 0.9810
S3: 0.9785
Trading recommendations for today: watch for potential selling opportunities.
