USDCHF WEEKLY, BROKE 0.9470, TESTING 0.9547, BULLISH?
USDCHF Broke double top 0.9470.
Now at critical level above MA 200 Weekly and near Resistance 0.9547, also at median bullish trendline (from November 2020 to September 2022).
Break and hold above 0.9547, open the way to target 0.9639 & 0.9650.
Strongest resistance at 0.9901.
Failure at 0.9547 could push USDCHF lower back to 0.9470.
Below 0.9470 potentially retest 0.9296.
Below 0.9296 potentially retest 0.9091.
Now at critical level above MA 200 Weekly and near Resistance 0.9547, also at median bullish trendline (from November 2020 to September 2022).
Break and hold above 0.9547, open the way to target 0.9639 & 0.9650.
Strongest resistance at 0.9901.
Failure at 0.9547 could push USDCHF lower back to 0.9470.
Below 0.9470 potentially retest 0.9296.
Below 0.9296 potentially retest 0.9091.
Note
Edit Typo: September 2021 not 2022."Now at critical level above MA 200 Weekly and near Resistance 0.9547, also at median bullish trendline (from November 2020 to September 2021)."
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.