Technical Analysis for CHF

The pair failed to achieve a four-hour closing below 0.9265 where we think that there is an upside possibility today which might extend in case levels 0.9370 where breached. Stochastic is showing a positive cross over supporting our expectations. We should point out that the upside move resides within a downside move shown on graph; unless the pair breached 0.9370 levels, the downside move will remain limited.

The trading range for today is among key support at 0.9165 and key resistance at 0.9515.

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: 0.9320, 0.9370, 0.9400, 0.9445, 0.9460

Recommendation Based on the charts and explanations above, our opinion is buying the pair above 0.9280 targeting 0.9340, 0.9370 then 0.9445 and stop-loss with four-hour closing below 0.9220 might be appropriate

IMOH, Clement I.
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