USDCHF is currently on a pullback and may possibly target October's high at 0.92448 for a price retest.
Price Action 📊
The market previously broke its long-term support trendline and is now on a pullback towards the trendline. There was also a recent falling price wedge break above the wedge resistance, which is also bullish. We are now looking for a break and a close above the 20 EMA for a final confirmation signal.
Fundamental Analysis 📰
The US economy expanded at a 4.9% annual rate from July through September as Americans defied higher prices and rising interest rates. Economists have also said the US economy expanded last quarter at the fastest pace in nearly two years—more than twice the 2.1% annual rate of the previous quarter.