USDCHF (1H) - short term bullish bias
Following our previous 4H analysis the USDCHF pair remained afloat after its rebound from the rising trend line. The price is attempting to break out of the congestion area of 0.9940-0.9990 along with a bullish MA cross. In the meantime, the RSI is still in the neutral area, and we can expect the rally to go on before any sign of over-extension. In case of a pullback, the demand zone between 0.9960 and the trend line may be buyers' stronghold.
Key support: 0.9960
Key resistance: 1.0000
Following our previous 4H analysis the USDCHF pair remained afloat after its rebound from the rising trend line. The price is attempting to break out of the congestion area of 0.9940-0.9990 along with a bullish MA cross. In the meantime, the RSI is still in the neutral area, and we can expect the rally to go on before any sign of over-extension. In case of a pullback, the demand zone between 0.9960 and the trend line may be buyers' stronghold.
Key support: 0.9960
Key resistance: 1.0000
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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.