USDCHF Trading Strategy on 9th May (updated) Morning Trading Call ~ forex currency trading education
The Currency Pair Trading in Bearish Zone
USDCHF Currency pair trading with bearish bias after heating one week high of 0.9436 on Tuesdays day trade. The pair down to its resistance zone of 0.9440 due to 2nd quarter Swiss Consumer Sentiment index to minus 5 from minus 6 in first Quarter. Currently the pair trading below its Pivot point .Trading Recommendation :-
SELL USDCHF for target of 0.9335 (Mondays low 0.9334) , 0.9310 (Fridays low 0.9309)
Resistance Level:-
0.9436 (Tuesday;s High)
0.9455 ( April 26 High)
Important Note:-
Traders are advice to trade with technical trends. Always follow fundamental analysis to get good Trading Results.
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