Buy USD/CHF – 30M – BUY

The currency pair US Dollar/Swiss Franc (USD/CHF) breaks through the descending trendline up.

An ascent up to the next resistance line at 0.78349 is likely expected.

Caution: A possible trend reversal in the direction of support at 0.77756 is also possible.
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. Current target is 0.78074 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance line at 0.78349 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Support & Resistance Price Range*
3rd High 0.78399
2nd High 0.78392
Next High 0.78349
Current Price 0.77929
Next Low 0.77756
2nd Low 0.77749
3rd Low 0.77649

0.77925 – 0.78349 – 0.78392 – 0.77756 – 0.77749 – 0.78273 —
0.77841 – 0.77915 —
39.636285464902 – 48.015296698944 —
– —
0.77925 – 1776729600

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