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rauan
Oct 21, 2015 11:27 AM

USDCHF 0.9590 to 0.9660 Long

U.S. Dollar/Swiss FrancFXCM

Description

USDCHF on hourly timeframe passed descending trendline that previously worked as dynamic resistance to the instrument. USDCHF is expected to continue rising up to area 0.9645 (local static barrier) and 0.9660 (daily dynamic resistance).


Intraday confirmation for USDCHF long entry comes after close above short-term ascending trendline 0.9590 (15-min timeframe).

Trade closed: target reached

0.9660 target reached.
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