USDCHF: Awaiting Price Action

U.S. Dollar/Swiss FrancFXCM

Description

⋅ May 6, 2016 6:57 AM

Multiple trednlines show us potential support/resistance. We expect breakout of this falling wedge which will provide long opportunity. However, NFP can be catalyst for this trade. Anything below 0.9400 will yield more shorts on its way.