ForexTrendline

USDCHF | Another successful trade?

Short
FX_IDC:USDCHF   U.S. Dollar / Swiss Franc
After the EURCHF analysis, it was the turn of the USDCHF.

In the last 3 months the price was in consolidation. As we had lower peaks and higher bottoms - a triangle formation.

We now have a breakthrough and we expect the price to continue in the direction of this breakthrough.

Yesterday we also saw a correction of the last decline, so we can expect the movement to continue.

Support levels:
0.9554
0.9497
0.9405

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