The breakout of USD/CHF through the 0.9271 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 0.9294 within the next 12 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout.
Related Posts
EURAUD has broken through a support line. It has touched this line numerous times in the last 6 days.
EURAUD has broken through a support line. It has touched this line numerous times in the last 6…
USDJPY – breach of a trending support line that has been tested at least twice before.
USDJPY has broken through the support line which it has tested twice in the past. We have seen…
NZDUSD experienced a very large 34 days bearish move to 0.59631
Those of you that are trend followers are probably eagerly watching NZDUSD to see if its latest 6.02%…