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
USDCAD experienced a very large 2 days bullish move to 1.43323
Those of you that are trend followers are probably eagerly watching USDCAD to see if its latest 0.58%…
A possible move on EURUSD as it heads towards resistance
EURUSD is heading towards the resistance line of a Rising Wedge. If this movement continues, the price of…
Could a large bullish move on AUDCAD be a sign of things to come?
AUDCAD hits 0.90781 after a 0.58% move spanning 11 hours.