USD/CHF intraday: below its lower Bollinger band

USDCHF

Trading Central 2021-01-13 03:03:07

Our pivot point stands at 0.8889.

Our preference: the downside prevails as long as 0.8889 is resistance.

Alternative scenario: the upside breakout of 0.8889, would call for 0.8901 and 0.8908.

Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.8895 and 0.8900). Finally, the USD/CHF is trading below its lower Bollinger band (standing at 0.8881).

Supports and resistances:

0.8908 **

0.8901 *

0.8889 **

0.8885

0.8876 last

0.8855

0.8848 **

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