USD/CHF has broken through a line of 0.8570 and suggests a possible movement to 0.8547 within the next 19 hours. It has tested this line numerous times in the past, so one should wait for a confirmation of this breakout before taking any action. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 4 days.
USD/CHF – breach of price line that’s been previously tested numerous times before
