USD/CHF – 1H – BUYThe currency pair breaks through the ascending trendline upwards
A continuation of the bullish trend upwards to the next resistance line at 0.85495 will persist.
Caution: A possible change in the direction of the support level at 0.84295 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will persist. Current target is 0.85193156 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of resistance at 0.85495 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.87483 |
| 2nd High | 0.85614 |
| Next High | 0.85495 |
| Current Price | 0.85035 |
| Next Low | 0.84295 |
| 2nd Low | 0.84216 |
| 3rd Low | 0.83740 |