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USD/CHF intraday: as long as 0.8680 is support look for 0.8725
2024-01-19
1068
Our pivot point stands at 0.8680.
Our preference: as long as 0.8680 is support look for 0.8725.
Alternative scenario: the downside breakout of 0.8680 would call for 0.8663 and 0.8653.
Comment: the RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.8691 and 0.8686).
Supports and resistances:
0.8746 **
0.8735 *
0.8725 **
0.8715
0.8694 last
0.8687
0.8680 **
The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.
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