(15 OCTOBER 2018)USD/CHF:Bullish bias above 0.9895.

(15 OCTOBER 2018)USD/CHF:Bullish bias above 0.9895.

15 October 2018, 09:24
Jiming Huang
0
55

chf

Pivot (invalidation): 0.9895

Our preference

Long positions above 0.9895 with targets at 0.9930 & 0.9955 in extension.

Alternative scenario

Below 0.9895 look for further downside with 0.9880 & 0.9865 as targets.

Comment

Even though a continuation of the consolidation cannot be ruled out, its extent should be

limited.

(By Swissquote TRADING CENTRAL) 

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