The USDCHF has consolidated above 0.9345 resistance
| Direction | Period | Expected price movement | Price movement corridor |
|---|---|---|---|
| ↓↑ | 1 day | ≈ 200 pips | Max. 0.9510
Min. 0.9140 |
Having refreshed the last week’s high at 0.9358, the price consolidated above 0.9345 support. The longer it stays above this level, the bigger is the possibility of a rebound up.
trading is currently carried out within the ascending channel. As long as the channel remains relevant, bullish trend has all chances to continue.
Potential growth target is situated at the strong 0.9510 resistance.
Alternative scenario: the uptrend will turn down if price breaks 0.9345 support and the lower border of the ascending channel at 0.9310.
Dear traders, please post your comments to our forecasts and share your own opinion. Your ideas can be very helpful for the newcomers in the forex market. Thank you!
The USDCHF has consolidated above 0.9345 resistance
| Direction | Period | Expected price movement | Price movement corridor |
|---|---|---|---|
| ↓↑ | 1 day | ≈ 200 pips | Max. 0.9510
Min. 0.9140 |
Having refreshed the last week’s high at 0.9358, the price consolidated above 0.9345 support. The longer it stays above this level, the bigger is the possibility of a rebound up.
trading is currently carried out within the ascending channel. As long as the channel remains relevant, bullish trend has all chances to continue.
Potential growth target is situated at the strong 0.9510 resistance.
Alternative scenario: the uptrend will turn down if price breaks 0.9345 support and the lower border of the ascending channel at 0.9310.
Dear traders, please post your comments to our forecasts and share your own opinion. Your ideas can be very helpful for the newcomers in the forex market. Thank you!