Forex Trading – USD/CHF
During the trading hours yesterday, the US dollar was in range 1.0510-1.0395 CHF. This morning the currency pair is trading at 1.0430-1.0440.
According to the analyses of Trading212, if US dollar breaks the resistance levels at 1.0440-1.0465 CHF, the aim will be reaching and testing the zone 1.0485-1.0500 CHF. If it is successful, the upward trend will continue to 1.0525-1.0550 CHF.
If USD drops below the support levels at 1.0430-1.0410 CHF, it will try to find a next support at 1.0390-1.0370 CHF. In case of breaking down, the downward trend will continue to 1.0350-1.0325 CHF.