Analyzing the Intraday Bias and Resistance Levels for USD to CHF
Tuesday, 16 July 2024, 06:07
USD to CHF Daily Analysis
Intraday Bias and Resistance Levels
- Neutral Bias: The intraday bias for USD to CHF remains neutral.
- Resistance Level: Watch for the key resistance at 0.9000.
- Target: Below 0.8914, targeting the low at 0.8825.
- Retracement: Break of 0.8825 aims for 50% retracement level at 0.8778.
- Upside Potential: Break above 0.9000 shifts bias to 0.9049 resistance.
Overall, the analysis indicates a potentially bearish outlook unless the resistance at 0.9000 is breached.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.