Get started
TradingTechs

USDCHF Neutral stance on longer timeframe

U.S. Dollar / Swiss Franc (OANDA:USDCHF)  
TradingTechs Updated   
OANDA:USDCHF   U.S. Dollar / Swiss Franc
USDCHF
8
0
usdchf
Very choppy PA in USDCHF. This weeks dollar strength managed to break out of the range and into resistance up at 1.0125 (cluster of daily lows and highs). Through that and it targets previous swing highs at 1.026 and 1.033. Support comes in at 0.9950-0.9900 area (previous highs, Mara, and 38.2% Fib).
Comment:
Retesting the level at 1.0122
Comment:
Pair managed to get through first resistance. Strong uptrend still going. If your not already long, best wait for a decent setup
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.