Today price broke upper line of triangle border and at the same time closed above resistance at 0.9812.

usdchf-d

So now we can wait for a retest and then move north to next resistance which we see it at 0.9955.

4h chart show us strong bullish candle, which broke upper triangle trend line and resistance followed by pin bar candle, which rejected trend line and resistance now support.

usdchf-4h

So based on this long bias is suggested.

In future 24 hours there is no red CHF news, in USA we have Core Durable Goods Orders m/m and CB Consumer Confidence news.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.