#USD/CHF

With both EMAs forming a Death Cross intersection and RSI(14) indicator in the Neutral-Bearish level, then #USD/CHF has the potential to weaken again toward its nearest support level.

Key Levels

1. Resistance. 2 : 0.7863

2. Resistance. 1 : 0.7844

3. Pivot : 0.7828

4. Support. 1 : 0.7809

5. Support. 2 : 0.7793

Tactical Scenario

Pressure Zone: If the price breaks down below 0.7809, there is a potential for continued pressure toward 0.7793.

Momentum Extension Bias: If 0.7793 is also broken to the downside, there is a chance that the weakness will extend to 0.7774.

Invalidation Level / Bias Revision

The downside bias is restrained if the price strengthens and breaks and closes above 0.7863.

Technical Summary

EMA(50) : 0.7825

EMA(200): 0.7834

RSI(14) : 38.54

Economic News Release Agenda:

Tonight the United States will release the following economic data:

US - ADP Non-Farm Employment Change - 19:15 WIB

US - Crude Oil Inventories - 21:30 WIB