USD/CHF, Daily Chart Analysis 5/24
Implications and Outlook
1. Declining momentum likely to touch Mean Support 0.98670 from here as Swissy is prone to drop to additional Mean Support of 0.97850.
2. The violation of the intermediate-term Mean Support of 0.97850 will undoubtedly bring short-term bearish implications, having downside targets to Currency Dip which is at 0.98030, while Key Support of 0.96380 lays directly below.
3. Current bearish/bullish bias is 70/30
1. Declining momentum likely to touch Mean Support 0.98670 from here as Swissy is prone to drop to additional Mean Support of 0.97850.
2. The violation of the intermediate-term Mean Support of 0.97850 will undoubtedly bring short-term bearish implications, having downside targets to Currency Dip which is at 0.98030, while Key Support of 0.96380 lays directly below.
3. Current bearish/bullish bias is 70/30
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