(11 December 2019)USD/CHF Capped by a negative trend line.

(11 December 2019)USD/CHF Capped by a negative trend line.

11 December 2019, 09:47
Jiming Huang
0
56

ch
Pivot
 (invalidation): 0.9860
Our preference
Short positions below 0.9860 with targets at 0.9830 & 0.9820 in extension.
Alternative scenario
Above 0.9860 look for further upside with 0.9880 & 0.9895 as targets.
Comment
Even though a continuation of the technical rebound cannot be ruled out, its extent should be
limited

(By Swissquote TRADING CENTRAL)

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