Chart of the Day USDCHF

USDCHF is reaching the confluence of a downside support

 

USDCHF is reaching a strong upside resistance and a downside support confluence 0.9900-0.9950 zone. A daily close below 0.9860 is required for a downside continuation. Now only a break above the 1.000 will invalidate the downside extension. ARMAT trading system is neutral

Note: look for the short trade opportunities on a break below 0.9860 level with the stop loss just above 0.9900

 

 

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