Forex Trading – USD/CHF
During the trading hours yesterday, the US dollar was in range 1.0245-1.0330 CHF. This morning the currency pair is trading at 1.0285-1.0305.
According to Forex analyses, if US dollar breaks the resistance levels at 1.0300-1.0320 CHF, the aim will be reaching and testing the zone 1.0350-1.0370 CHF. If it is successful, the upward trend will continue to 1.0400-1.0425 CHF.
If USD drops below the support levels at 1.0285-1.0265 CHF, it will try to find a next support at 1.0245-1.0220 CHF. In case of breaking down, the downward trend will continue to 1.0200-1.0175 CHF.