USD/CHF – 30M – BUYThe pair US Dollar/Swiss Franc (USD/CHF) breaks through the bearish trendline up.
A bullish ascent upwards to the next resistance level at 0.88433 will continue.
Caution: A possible trend reversal in the direction of support at 0.88009 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend will continue. Current target is 0.88503 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance level at 0.88433 could happen.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.88872 |
| 2nd High | 0.88815 |
| Next High | 0.88433 |
| Current Price | 0.88421 |
| Next Low | 0.88009 |
| 2nd Low | 0.87971 |
| 3rd Low | 0.87510 |