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USD/CHF intraday: the downside prevails as long as 0.8933 is resistance

2023-10-23
1073

0.8933 is our pivot point.

Our preference: the downside prevails as long as 0.8933 is resistance.

Alternative scenario: above 0.8933, look for 0.8951 and 0.8962.

Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.8924 and 0.8929).

Supports and resistances:

0.8962 **

0.8951 *

0.8933 **

0.8925

0.8913 last

0.8890

0.8879 **

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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