The breakout of USD/CHF through the 0.9920 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, we expect the price of USD/CHF to test 0.9874 within the next 2 days. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting any money down.
After testing 0.9920 numerous times, USD/CHF has finally broken through. Can we expect a bearish trend to follow?
