USD/CHF has broken through a line of 0.9227 and suggests a possible movement to 0.9177 within the next 3 days. It has tested this line numerous times in the past, so one should wait for a confirmation of this breakout before taking any action. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 17 days.
Related Posts
If USD/CAD touches 1.3463 it may be time to take action.
The price of USD/CAD in heading back to the support area. It is possible that it will struggle…
NZD/USD seems to be on its way to support – a possible opportunity?
NZD/USD is en route to a very important line that will be a definite deciding factor of what…
EUR/USD has broken through a resistance line. It has touched this line numerous times in the last 4 days.
A strong resistance level has been breached at 1.1176 on the 30 Minutes EUR/USD chart. Technical Analysis theory…