USD/CHF – 1H – BUYThe combination US Dollar/Swiss Franc (USD/CHF) goes from the bullish trendline upwards
A continuation of the upward movement up to the next resistance line at 0.88446 is expected.
Caution: A possible reversal of the trend in the direction of the support level at 0.88009 could be enabled.
Consider stop-loss settings accordingly.
Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Current target is 0.88592 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 0.88446 could be enabled.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.89175 |
| 2nd High | 0.88997 |
| Next High | 0.88446 |
| Current Price | 0.88329 |
| Next Low | 0.88009 |
| 2nd Low | 0.87971 |
| 3rd Low | 0.87008 |