(19 MAY 2020)USD/CHF Bullish bias above 0.9705.

(19 MAY 2020)USD/CHF Bullish bias above 0.9705.

19 May 2020, 08:51
Jiming Huang
0
62

ch
Pivot
 (invalidation): 0.9705
Our preference
Long positions above 0.9705 with targets at 0.9735 & 0.9745 in extension.
Alternative scenario
Below 0.9705 look for further downside with 0.9695 & 0.9675 as targets.
Comment
A support base at 0.9705 has formed and has allowed for a temporary stabilisation.

(By Swissquote TRADING CENTRAL)

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