Forex Trading – USD/CHF
During the trading hours yesterday, the US dollar was in range 1.0390-1.0550 CHF. This morning the currency pair is trading at 1.0530-1.0540.
According to Forex analyses, if US dollar breaks the resistance levels at 1.0535-1.0550 CHF, the aim will be reaching and testing the zone 1.0580-1.0600 CHF. If it is successful, the upward trend will continue to1.0615-1.0635 CHF.
If USD drops below the support levels at 1.0525-1.0500 CHF, it will try to find a next support at 1.0480-1.0460 CHF. In case of breaking down, the downward trend will continue to 1.0435-1.0410 CHF.
