The breakout of USD/CHF through the 0.9309 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, USD/CHF could test 0.9335 within the next 15 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout.
Related Posts
NZDUSD is quickly approaching a very important level it has previously tested numerous times in the past
NZDUSD is moving towards a support line. Because we have seen it retrace from this level in the…
EURCAD is currently testing a level of 1.6117. Will the breakout continue or will things reverse?
The price of EURCAD in heading in the direction of 1.6156. Despite the recent breakout through 1.6117 it…
Because AUDCAD formed a Channel Up pattern, we expect it to touch the support line. If it breaks through support it may move much lower
An emerging Channel Up has been detected on AUDCAD on the 4 hour chart. There is a possible…