(20 MAY 2020)USD/CHF The downside prevails.

(20 MAY 2020)USD/CHF The downside prevails.

20 May 2020, 09:22
Jiming Huang
0
70

ch
Pivot
 (invalidation): 0.9715
Our preference
Short positions below 0.9715 with targets at 0.9675 & 0.9660 in extension.
Alternative scenario
Above 0.9715 look for further upside with 0.9730 & 0.9745 as targets.
Comment
The RSI is bearish and calls for further downside.

(By Swissquote TRADING CENTRAL)

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