Dollar/Franc multipled losses after the execution of the double peaks in this week. Now the currency pair traded under the key moving averages. DMI indicator is moving in the negative territory. Descending movement may be dominated until the rate trades below the level of a breakthrough at Chf1.0390. The target remains in the area at Chf1.0160.
RES 4: Chf1.0620 maximum of May
RES 3: Chf1.0439 10-day moving average
RES 2: Chf1.0444 21-day moving average
RES 1: Chf1.0381/90 5-day moving average, the level of a breakthrough double tops
current price: Chf1.0278
SUP 1: Chf1.0231 2% envelope
SUP 2: Chf1.0160 target of double tops
SUP 3: Chf1.0136 50% Fibonacci between Chf0.9651-Chf1.0620
SUP 4: Chf1.0021 76.4% Fibonacci between Chf0.9651-Chf1.0620
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