Vea también
USD/CHF changed little in the early morning as the USDX tries to rebound. The bias remains bearish as the rate is located under broken support levels. It drops within a down channel, its failure to retest the downtrend line signals very strong sellers.
USDX's further decline should force the greenback to depreciate versus its rivals. The US dollar index has dropped in the seller's territory after a temporary rebound.
The US is to release the Durable Goods Orders and the Core Durable Goods Orders later today. Poor figures could send USD/CHF towards new lows.
USD/CHF failed to stabilize above the weekly pivot (0.9159) and now is located below the descending pitchfork's lower median line (LML). The outlook remains bearish as long as the rate stands within the down channel's body.
It has dropped below 0.9128 former low, stabilizing below it could indicate a deeper drop in the short term. USD/CHF could drop further towards 0.9 psychological level if USDX extends its sell-off.
USD/CHF should drop further if it validates the breakdown through 0.9128 static support. The pressure is high as long as it stays under the descending pitchfork's lower median line (LML).
The next immediate support is seen at the 61.8% retracement level, around the weekly S1 (0.9103).
A new buying opportunity will appear only if the rate makes an upside breakout from the down channel.
You have already liked this post today
*El análisis de mercado publicado aquí tiene la finalidad de incrementar su conocimiento, más no darle instrucciones para realizar una operación.
Club InstaForex
Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.
If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.
Why does your IP address show your location as the USA?
Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaTrade anyway.
We are sorry for any inconvenience caused by this message.