USD/CHF – 30M – BUYThe currency pair US Dollar/Swiss Franc (USD/CHF) moves from the ascending trendline up.
A continuation of the upward movement up to the next resistance line at 0.90736 will persist.
Caution: A possible counter-trend in the direction of the support zone at 0.90248 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will persist. Current target is 0.90525252 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the resistance zone at 0.90736 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.90736 |
| Current Price | 0.90377 |
| Next Low | 0.90248 |
| 2nd Low | 0.90099 |
| 3rd Low | 0.90022 |