The downtrend remains, but the second day of the exchange rate drifts in the new historical min.Exchange rate still lies below the moving averages with periods of 34, 55, 89 and 144, which are directed downward and points to the continued bearish sentiment, as well as the next resistance levels are 0.8790, 0.8840, 0.8890 and 0.9010.
MACD histogram is located in the negative zone, but above its signal line, continues to gradually rise, and thus sends a signal to buy USD / CHF.
Stochastic Oscillator is in the neutral zone and creates an opposite signal, since the% K line crossed the line% D top-down and started to fall below it.
The contradiction in the signals that serve indicators, leads us to the fact that the most correct decision now - to stay out of the forex market and focus on the next strong support and resistance levels.
There are two options:
1. Break of 0.8770 resistance level and the correction to the levels of 0.8790 and 0.8840/50.
2. Breakdown of the new historical min 0.86692 and lower USD / CHF to levels of 0.8610/00 and 0.8580.
Resistance levels: 0.8750, 0.8770, 0.8790, 0.8840/50, 0.8880/90, 0.8925, 0.8950/60
Current Price: 0.8727
Support levels: 0.8710/00, 0.86692 (a new historical min), 0.8610/00, 0.8580
