The USD/CHF currency pair is forming a corrective movement and entered the periodic level of 0.9850, where inactivity started. As of this writing, the quotation forms into two-digit candles like "Doji", which further indicates low volatility. It is possible to continue wagging within the levels 0.9830 / 0.9860, where "bears" will try to return to the market and form a reverse movement to 0.9800 / 0.9780.
Key Levels
Resistance - 0.9850 *; 0.9940; 1,0035 *; 1.0100.
Support - 0.9780; 0.9700 *; 0.9550.
Periodic level *
Signals
- It is recommended to buy the pair after a clear price fixation above 0.9860, with the prospect to move near 0.9885 / 0.9940.
- Selling the pair is recommended to be made at a price below 0.9830, with the prospect to move close to 0.9800 / 0.9780.
Attention: Predictions are not a direct action to action!
* The presented market analysis is informative and does not constitute a guide to the transaction.
