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USDCHF News

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Last Updated Date: 16 February 2022 @ 1:22 PM (UTC)
*Please note that all the dates are in GMT time zone

The USDCHF market shows short term peaking action, driving initial topping selloffs to test 0.9206 retracement support. A close under 0.9206 alerts for a larger top/downturn and projects selloffs to 0.9158. Trade may try to bounce off 0.9206 and consolidate declines inside Friday’s range. Only a close over 0.9287 rekindles bull trend forces.

Resistance 2       0.9287
Resistance 1       0.9262

 
Support 1           0.9226
Support 2           0.9200


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RISK WARNING

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Whilst leverage enables traders to magnify their profits on successful trades, it is possible to sustain significant losses,around 78% of retail investor accounts lose money when trading CFDs.