USD/CHF – 30M – BUYThe pair jumps from the ascending trendline up.
A continuation of the upward movement up to the next resistance at 0.86714 is likely expected.
Caution: A possible counter-trend in the direction of the support level at 0.86515 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 0.866525 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of resistance at 0.86714 could occur.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.86857 |
| Next High | 0.86714 |
| Current Price | 0.86571 |
| Next Low | 0.86515 |
| 2nd Low | 0.86473 |
| 3rd Low | 0.86448 |