Mid-day update for Swiss Franc - 07-06-2019

Economies.com
2019-06-07 12:40PM UTC

USD and Swiss Franc pair leaned on the support of 0.9890, representing the ratio 50% of Fibonacci retracement levels for an ascending wave in the medium term (from 0.9542 to 1.0237), while venting off oversold saturation in the RSI, amid the dominance of the downward short-term wave. 

 

Therefore we expect the pair to decline if the support of 0.9890 was breached, targeting the next one at 0.9808, representing the ratio 61.8% of the same retracement levels. 

 

Expected trend for today: Bearish   

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