LimitMarkets

USDCHF profit realization

Short
FX:USDCHF   U.S. Dollar / Swiss Franc
The 0.9950 level appears to be as strong resistance in USDCHF that has reached the upper band along with the rise in the dollar index. In the current price movement, a sell pressure may occur due to short-term profit realization. 0.9900 will be followed in a downward movement for support. We will continue to monitor the 0.9950 and 0.9985 levels as resistance in case of potential upward movements.

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