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USD/CHF intraday: the upside prevails as long as 0.8974 is support

2023-10-26
197

Our pivot point is at 0.8974.

Our preference: the upside prevails as long as 0.8974 is support.

Alternative scenario: the downside breakout of 0.8974 would call for 0.8953 and 0.8941.

Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.8987 and 0.8979).

Supports and resistances:

0.9057 **

0.9045 *

0.9032 **

0.9020

0.8993 last

0.8983

0.8974 **

The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.

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