FxKool
Long

USDCHF heading north

FX_IDC:USDCHF   U.S. Dollar/Swiss Franc
You remember near-perfect correlation with EURUSD? Frank has been descending since 2015 and still in the channel. It has recently touched the lower edge and bounced off which is quite predictable. The daily hammer candle proves that. We’re now halfway done to 9658+ (the blue highlighted area). I don’t a guarantee a clear road to that upper edge. I am waiting for retracement. Got some buy limit orders slightly below the current price. USDCHF             has been perfectly working out the option levels. Plus there’s a divergence on MACD which might give us a hint the pair head up.

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