This trade setup on USD/CHF is formed by a period of consolidation; a period in which the price primarily moves sideways before choosing a new direction for the longer term. Because of the bearish breakout through support, it seems to suggest that we could see the next price move to 0.9057.
Related Posts
After trying numerous times in the past, USD/CHF finally breaks 0.8483!
USD/CHF has broken through a resistance line. Because we have seen it retrace from this price in the…
NZD/USD is approaching 0.6215. We expect either a breakout through this line, or a rebound.
NZD/USD is moving towards a key support level at 0.6215. NZD/USD has previously tested this level 4 times…
GBP/USD has broken through a resistance line. It has touched this line numerous times in the last 28 days.
GBP/USD has broken through a resistance line. Because we have seen it retrace from this price in the…