USD/CHF intraday: above its upper Bollinger band

USDCHF

Trading Central 2021-02-20 03:00:21

0.8956 is our pivot point.

Our preference: the upside prevails as long as 0.8956 is support.

Alternative scenario: the downside breakout of 0.8956 would call for 0.8946 and 0.8940.

Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.8947 and 0.8955). Finally, the USD/CHF is trading above its upper Bollinger band (standing at 0.8968).

Supports and resistances:

0.9002 **

0.8996 *

0.8990 **

0.8984

0.8969 last

0.8960

0.8956 **

Disclaimer

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