How to trade USD/CHF?

How to trade USD/CHF?

USD/CHF has made an impressive movement to the downside. The pair has closed on Wednesday below the 61.8% Fibonacci retracement in the 0.9455 area. The next Fibo level lies at 0.9340. On the W1 and the D1, there’s potential for further downside. On the H4, the pair looks a bit oversold, so that bull may initiate a correction. Resistance will lie at 0.9455 and 0.9500.

Trade ideas for USD/CHF

SELL 0.9390; TP 0.9340; SL 0.9405

BUY 0.9465; TP 0.9500; SL 0.9445

USDCHFDaily.png

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NFP Number Will Drive Markets

US stocks are set to open lower Friday, with investors worry over rising tensions between the US and China, deadlock over the next virus relief bill and possible disappointments from the key monthly employment report.

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