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forextidings
Jan 25, 2021 10:27 AM

USD/CHF is Trying to Move Upside 

USD/CHFOANDA

Description

Here's the 4H chart of the USD/CHF. Right now, it's moving sideways under the hurdle (0.8918). If the trend moves upside and crosses the dynamic resistance and hurdle trendline, then the hurdle will react as the support. And targets for the uptrend will be the following 0.8960 - 0.9000.

But if it falls and breaks the key level, then the target will be 0.8796 - 0.8760.

Technically the RSI is below its neutrality area at 50. But it's trying to cross this upwards. According to Stoch RSI, the trend is trying to move upwards.
Comments
Dave-FX-Hunter
Thank you so much
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