The breakout of USD/CHF through the resistance line of a Channel Down could be a sign of the road ahead. If this breakout persists, we expect the price of USD/CHF to test 0.9856 within the next 11 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting any money down.
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After testing resistance twice in the past, USD/CHF has finally broken through. Can we expect a bullish trend to follow?
December 23, 2019 6:17 am
