USD/CHF has broken through the support line which it has tested twice in the past. We have seen it retrace from this position before, so one should wait for confirmation of the breakout before trading. If this new trend persists, a target line of around 0.9888 can be expected within the next 7 hours.
Related Posts
USD/JPY has broken through support of a Rising Wedge. It has touched this line at least twice in the last 4 days.
You would be well advised to confirm the breakout that has just occurred – do you believe the…
GBP/USD – breach of a trending resistance line that has been tested at least twice before.
GBP/USD has broken through a resistance line. It has touched this line at least twice in the last…
We expect a $1452 movement on USDJPY within the next 2 hours.
Based on the last 12 BoE Interest Rate Decision events in United Kingdom, we could see a $1452…