//(23 OCTOBER 2018)USD/CHF:Key resistance at 0.9980.

(23 OCTOBER 2018)USD/CHF:Key resistance at 0.9980.

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chf

Pivot (invalidation): 0.9980

Our preference

Short positions below 0.9980 with targets at 0.9950 & 0.9935 in extension.

Alternative scenario

Above 0.9980 look for further upside with 1.0000 & 1.0030 as targets.

Comment

As Long as 0.9980 is resistance, look for choppy price action with a bearish bias.

(By Swissquote TRADING CENTRAL)