The movement of USD/CHF towards 0.9912 price line is yet another test of the line it reached numerous times in the past. We expect this line test to happen in the next 4 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current lines.
Related Posts
Will USDJPY break through the resistance level it tested before?
USDJPY is heading towards 143.3505 and could reach this point within the next 21 hours. It has tested…
A Rising Wedge has formed, EURJPY is approaching support. Can we expect a breakout and the start of a new trend or a reversal?
EURJPY is heading towards the resistance line of a Rising Wedge. If this movement continues, the price of…
NZDUSD moves higher to 0.5895 in the last 8 days.
For those of you that don’t believe in trends, this may be an opportunity to take advantage of…