(10 AUGUST 2018)USD/CHF:The upside prevails.

(10 AUGUST 2018)USD/CHF:The upside prevails.

10 August 2018, 09:31
Jiming Huang
0
18

chf

Pivot (invalidation): 0.9920

Our preference

Long positions above 0.9920 with targets at 0.9950 & 0.9970 in extension.

Alternative scenario

Below 0.9920 look for further downside with 0.9900 & 0.9890 as targets.

Comment

A support base at 0.9920 has formed and has allowed for a temporary stabilisation.

(By Swissquote TRADING CENTRAL) 


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