USDCHF WEEKLY: TARGET 0.9650 DONE, PSYCHOLOGICAL LEVEL 1.0000 ?
USDCHF confirmed its medium term bullish by breaking its MA 200 Weekly & its Median Channel (from November 2020 to September 2021).
As expected USDCHF Broke and held above 0.9547 and hit the target (0.9639 & 0.9650).
Now, USDCHF is heading to Strong (Adjusted from Strongest) resistance at 0.9901, running above its Upper Channel.
Break and hold above 0.9901, open the way to key psychological level 1.0000 and 1.0026 (Triple Top and also its Strongest Resistance now).
Failure at 0.9901 then Retest Support (former Resistance) 0.9650/39 ( its Median Channel)
Next Support at 0.9547.
Below 0.9470 potentially retest 0.9296.
Below 0.9296 potentially retest 0.9091.
As expected USDCHF Broke and held above 0.9547 and hit the target (0.9639 & 0.9650).
Now, USDCHF is heading to Strong (Adjusted from Strongest) resistance at 0.9901, running above its Upper Channel.
Break and hold above 0.9901, open the way to key psychological level 1.0000 and 1.0026 (Triple Top and also its Strongest Resistance now).
Failure at 0.9901 then Retest Support (former Resistance) 0.9650/39 ( its Median Channel)
Next Support at 0.9547.
Below 0.9470 potentially retest 0.9296.
Below 0.9296 potentially retest 0.9091.
