The breakout of USD/CHF through the 0.8905 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 0.8821 within the next 5 days. One should always be cautious before placing a trade, wait for confirmation of the breakout.
It’s time to make a decision on USD/CHF – its recent breach of 0.8905 could be a sign of a new trend to follow.
