The price of USD/CHF in heading back to the support area. It is possible that it will struggle to break through it and move back in the other direction. The price may eventually break through, but typically the price retreats from the level a number of times before doing so.
Related Posts
Resistance line breached by GBPCHF. This price has been tested at least twice before.
GBPCHF has broken through the resistance line of a Channel Down technical chart pattern. Because we have seen…
If USDCAD touches 1.3644 it may be time to take action.
USDCAD is moving towards a support line. Because we have seen it retrace from this level in the…
Breach of resistance could mean a start of a bullish trend on GBPJPY
GBPJPY has broken through a resistance line of a Flag and suggests a possible movement to 199.9516 within…