Technical analysis of USD/CHF for April 16, 2018 888011000 110888 USD/CHF is expected to trade with bullish outlook. The pair broke and pulled away below its 20-period and 50-period moving averages. In addition, the death cross between 50-period and 20-period moving averages has actually been recognized. The relative strength index is below it neutrality level at 50. As long as 0.9640 holds on the benefit, a more decline to 0.9580 and even to 0.9550 seems more likely to occur.Chart Description: The black line reveals the pivot point. Today price above the pivot point suggests a bullish position, and the rate below the pivot point indicates a brief position. The red lines show the support levels, and the green line shows the resistance levels . These levels can be used to enter and exit trades.Method: SELL, stop loss at 0.9640, take profit at 0.9580. Resistance levels: 0.9670, 0.9695, and 0.9740 Support levels: 0.9580, 0.9550, and 0.9500. The product has actually been supplied by InstaForex

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