Get started
FXTechstrategy

USDCHF Rallies With Risk Building Up Towards 0.9907 Resistance

Long
U.S. Dollar / Swiss Franc (FX:USDCHF)  
FXTechstrategy  
FX:USDCHF   U.S. Dollar / Swiss Franc
Trend Analysis Harmonic Patterns Chart Patterns Forex forexsignals
1
0
trendanalysis harmonicpatterns chartpattern forex forexsignals


USDCHF rallies with risk building up towards 0.9907 resistance in the days ahead. Resistance comes in at the 0.9900 level. Above here, resistance stands at the 0.9950 level and then the 1.0000 level. Further out, resistance stands at the 1.0050 level. Its daily RSI is bullish and pointing higher suggesting further strength. On the downside, support is located at the 0.9800 level with a turn below here opening the door for more decline towards the 0.9750 level. And then the 0.9700 level. Further down, support comes in at the 0.9650 level. All in all, USDCHF remains biased to the upside on price rally
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.