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USD/CHF Intraday: the upside prevails.

2023-10-19
1059

Pivot: 0.8970

Our preference: long positions above 0.8970 with targets at 0.9000 & 0.9015 in extension.

Alternative scenario: below 0.8970 look for further downside with 0.8955 & 0.8940 as targets.

Comment: the RSI lacks downward momentum.

Supports and resistances:

0.9030

0.9015

0.9000

0.8981 Last

0.8970

0.8955

0.8940

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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