The pair is trading on a strong 1D bearish
leg ( RSI
= 37.148, MACD
= -1.594, Highs/Lows = -0.8378) that has rebounded on the pivotal 30.000 RSI
level. Based on CHFHUF's past price action on that level, we are expecting a medium term rebound to 305.000. On the long term, assuming the Support from the previous Monthly High holds (as it has done since 2018), we are expecting 309.500.
** If you like our free content follow our profile (https://www.tradingview.com/u/InvestingS...
) to get more daily ideas. **
Comments and likes are greatly appreciated.