(12 MAY 2020)USD/CHF The bias remains bullish.

(12 MAY 2020)USD/CHF The bias remains bullish.

12 May 2020, 13:34
Jiming Huang
0
64

ch
Pivot
 (invalidation): 0.9715
Our preference
Long positions above 0.9715 with targets at 0.9750 & 0.9765 in extension.
Alternative scenario
Below 0.9715 look for further downside with 0.9700 & 0.9685 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be
limited.

(By Swissquote TRADING CENTRAL)

Share it with friends: