Due to the uncertainty in the US and China trade negotiations, global risk factors are on the agenda; Despite the appreciation of currencies like yen and Frank, the USDCHF parity has raised the expectation to continue its uptrend with the strong Dollar theme. In particular, the parity, which surpassed the downward trend zone and kept the expectations for new positive pricing on the agenda, reached 1,0094. We can say that the expectations regarding the continuation of the positive course in the new period are strong and therefore the possible retreats can be included in the agenda as a purchase opportunity.
Main Scenario: If USDCHF continues to remain above of the lower of the uptrend channel 1,0051 – 1,0064, it may want to continue its trend expectation. With this idea, rising can be followed towards the 1,0107 and 1,0121 barriers, mainly 1,0094. In particular, the movements on the channel top point 1.0121 – 1.0129 may enhance the positive appearance. Otherwise, the on-line reactions may occupy the agenda. In this process, the possible response levels before the region of 1,0051 – 1,0064 were recorded as 1,0077.
Alternative Scenario: For the end of the positive trend outlook for the USDCHF parity, the region of 1,0051 – 1,0064 should be broken. In the event of a trend change, a negative view can be seen towards 1,0021 and 1,0008 levels, especially 1,0034 and In the event of such a change, the reaction of the parity should be closely followed according to the level of 1,0008 at the bottom level of May 24, 2019.
Pivot: 1,0051 – 1,0064 bölgesi
Support: 1,0077 – 1,0064 – 1,0051
Resistance: 1,0094 – 1,0107 – 1,0121