(31 AUGUST 2018)USD/CHF:The downside prevails.

(31 AUGUST 2018)USD/CHF:The downside prevails.

31 August 2018, 10:13
Jiming Huang
0
46

chf

Pivot (invalidation): 0.9715

Our preference

Short positions below 0.9715 with targets at 0.9655 & 0.9640 in extension.

Alternative scenario

Above 0.9715 look for further upside with 0.9740 & 0.9775 as targets.

Comment

The RSI is bearish and calls for further decline.

(By Swissquote TRADING CENTRAL) 

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