USD/CHF has broken through the support line which it has tested twice in the past. We have seen it retrace from this line before, so one should wait for confirmation of the breakout before trading. If this new trend persists, a target level of around 0.9150 may materialize within the next 2 days.
Related Posts
Could a large bearish move on USDCAD be a sign of things to come?
USDCAD has moved lower by 1.2% from 1.44764 to 1.43033 in the last 5 days.
After testing 97.8530 numerous times, AUDJPY has finally broken through. Can we expect a bullish trend to follow?
AUDJPY has broken through a line of 97.8530 and suggests a possible movement to 98.4822 within the next…
EURUSD formed a Channel Up on the 4 hour chart. Retest of resistance in sight.
Emerging Channel Up pattern in its final wave was identified on the EURUSD 4 hour chart. After a…