USD/CHF intraday: the upside prevails as long as 0

USD/CHF intraday: the upside prevails as long as 0.8952 is support

USDCHF

Trading Central 2021-02-20 04:51:05

Our pivot point stands at 0.8952.

Our preference: the upside prevails as long as 0.8952 is support.

Alternative scenario: the downside breakout of 0.8952 would call for 0.8942 and 0.8936.

Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.8953 and 0.8955).

Supports and resistances:

0.8995 **

0.8989 *

0.8983 **

0.8977

0.8964 last

0.8956

0.8952 **

Disclaimer

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