USD/CHF is heading towards a line of 0.9870. If this movement continues, we expect the price of USD/CHF to test 0.9870 within the next 8 hours. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.
USD/CHF is quickly approaching 0.9870. We expect either a breakout through this line, or a rebound.
