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Farooq

Technical Analysis – CHFUSD _ 26-03-2019

HomeTechnical AnalysisTechnical Analysis – CHFUSD _ 26-03-2019
26
Mar
Technical Analysis – CHFUSD _ 26-03-2019

After testing the breached level at 0.9975, the pair resumed its bearish trend yesterday to resume trading near 0.9905 (the first target of the bearish scenario).
The downside potential remains intact as long as the pair is trading below 1.0050 and the price could reach the second target at 0.9830.

A breach of 1.0050 resistance might be enough to end the downside scenario, and the price could then rise to test resistance at least 1.0100 – 1.0125.

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