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Jan 30, 2019 5:34 PM

USDCHF Approaching Target 1.00416 Long

U.S. Dollar/Swiss FrancFXCM

Description

USDCHF Forecast: USD/CHF made smart bullish trendline breakout today and showing strength to close above the trendline. The pair is approaching the next leg of bullish candle target of 1.00416 before the release of NFP or USD may go further up if NFP numbers are good. Other technical indicators like RSI stood at 55.23 at the time of analysis, MACD also showing bullish sign. Traders may take long position till the target of 1.00416 if today close above the 0.99771 with SL 0.99373 closing basis. 
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