(03 APRIL 2019)USD/CHF:Key resistance at 0.9990.

(03 APRIL 2019)USD/CHF:Key resistance at 0.9990.

3 April 2019, 09:46
Jiming Huang
0
52

chf

Pivot (invalidation): 0.9990

Our preference

Short positions below 0.9990 with targets at 0.9970 & 0.9955 in extension.

Alternative scenario

Above 0.9990 look for further upside with 1.0000 & 1.0010 as targets.

Comment

As Long as the resistance at 0.9990 is not surpassed, the risk of the break below 0.9970

remains high. 

(By Swissquote TRADING CENTRAL)