nikitafen46

USDCHF Direction Yet to be Determined

FX:USDCHF   U.S. Dollar/Swiss Franc
Above we have a support trendline that remains largely unbroken save for the Swiss Franc             Tsunami from a while ago. It seems that the market intends to hold it whole for now. Above that, there is a resistance zone that has remained unbroken during the last 5 retests.
From this zone, price will either fall to the support trendline , or finally break through it and head up past the 1.02 area.

For now I'm waiting for a strong candle to close in either direction, outside of the zone.
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