USD/CHF is moving towards a line of 1.0122 which it has tested numerous times in the past. We have seen it retrace from this positions in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If USD/CHF continues in its current trajectory, we can expect it to reach 1.0122 within the next 9 hours.
Related Posts
We expect EURUSD to trend upwards right now.
We expect a $440 movement on EURUSD within the next 48 hours. We expect EURUSD to trend upwards…
Breach of 0.6504 could mean a start of a bearish trend on AUD/USD
AUD/USD has broken through a line of 0.6504. If this breakout holds true, we could see the price…
Support line breached by USD/JPY. This price has been tested at least twice before.
USD/JPY has broken through a support line of a Pennant chart pattern. If this breakout holds true, we…