USD/CHF – Currency exchange rate forecast 21.08.2019: the upside prevails.

USD/CHF - Currency exchange rate forecast 21.08.2019: the upside prevails.

Long positions above 0.9770 with targets at 0.9820 & 0.9835 in extension.

Pivot: 0.9770

Our preference: long positions above 0.9770 with targets at 0.9820 & 0.9835 in extension.

Alternative scenario: below 0.9770 look for further downside with 0.9750 & 0.9740 as targets.

Comment: the RSI shows upside momentum.

Supports and resistances:

0.9855

0.9835

0.9820

0.9798 Last

0.9770

0.9750

0.9740

Leave a comment

Your email address will not be published. Required fields are marked *