Technical Analysis for CHF

The pair is trading weakly but stable within the downside range shown on graph. But the pair stabilized above 78.6% correction at 0.9265 and above Linear Regression Indicators where we prefer to remain neutral today. Breaking the referred to level is significant to support extending bearishness, while breaching 0.9335 might form a Falling Wedge formation (positive technical pattern).

The trading range for today is among key support at 0.9200 and key resistance at 0.9445.

The general trend over short term basis is to the downside stable at levels 0.9775 targeting 0.8860.

Support: 0.9280, 0.9265, 0.9235, 0.9200, 0.9180
Resistance: 0.9340, 0.9370, 0.9400, 0.9445, 0.9460

Recommendation Based on the charts and explanations above, we prefer to remain neutral waiting for confirmation signals

IMOH, Clement I.
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