Dollar Franc insight USDCHF bearish Trend continues November 23, 2017
- USD is trading at 0.9894 against the CHF this morning, 0.19% lower
- Signals indicating a bearish trend in the Dollar/Franc pair.
- the bearish trend with a view to falling near the level of 0.9810.
USDCHF bearish Trend continues – the pair traded at a high of 0.9917 and a low of 0.9887. In the New York session yesterday, the US Dollar fell 0.23% against the Swiss Franc
The USD is trading at 0.9894 against the CHF at 10:40 GMT this morning, 0.19% lower from the New York close. During the session, the pair traded at a high of 0.9917 and a low of 0.9887. In the New York session yesterday, the US Dollar fell 0.23% against the Swiss Franc to close at 0.9913. An immediate downside, the first support level is seen at 0.9872, while on the upside, the first resistance level is situated at 0.9932.
USDCHF bearish Trend continues
Earlier, a weak signal was received to buy of the Dollar/Franc pair, due to the crossing of the signal lines at the level of 0.9910. The cancellation of the fall of the pair quotes will be a breakdown of the upper boundary of the Cloud with the closing of quotations above the area of 0.9950, which will indicate a change in the bearish trend in favor of the bullish trend. Expect the acceleration of USD/CHF quotations falling with the breakdown of the level of 0.9860.
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