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USD/CHF Intraday: choppy.

2024-01-08
548

Pivot: 0.8535

Our preference: short positions below 0.8535 with targets at 0.8485 & 0.8465 in extension.

Alternative scenario: above 0.8535 look for further upside with 0.8555 & 0.8575 as targets.

Comment: as long as 0.8535 is resistance, look for choppy price action with a bearish bias.

Supports and resistances:

0.8575

0.8555

0.8535

0.8508 Last

0.8485

0.8465

0.8445

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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