USD/CHF has broken through a line of 0.8570 and suggests a possible movement to 0.8547 within the next 19 hours. It has tested this line numerous times in the past, so one should wait for a confirmation of this breakout before taking any action. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 4 days.
Related Posts
Resistance line breached by USDJPY. This price has been tested at least twice before.
Channel Down pattern identified on USDJPY has broken through a resistance level with the price momentum continuing to…
USDCHF formed a Channel Down on the 4 hour chart. Retest of resistance in sight.
A Channel Down pattern was identified on USDCHF at 0.78923, creating an expectation that it may move to…
EURCAD likely to test 1.6205 in the near future. Where to next?
EURCAD is approaching a support line at 1.6205. If it hits the support line, it may break through…