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USD/CHF intraday: rebound
2024-01-11
749
Our pivot point stands at 0.8501.
Our preference: rebound.
Alternative scenario: the downside breakout of 0.8501 would call for 0.8482 and 0.8471.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.8519 and 0.8522).
Supports and resistances:
0.8576 **
0.8564 *
0.8553 **
0.8542
0.8519 last
0.8508
0.8501 **
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