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Overview
USDCHF has been in contained within two channels, but in the past few weeks we have seen it make a bullish break.
Even on a pullback the pair has managed to stay supported from the previous level, given the outlook of a bullish nature
Levels
0.9335 - April Close
0.9480 - 38.2 Fib (0.9079 - 1.0127)
0.9720 - March Close
0.9227 - 61.8% Fib (0.9079 - 1.0127)
Figure 1 - Daily USDCHF - two potential channels, price bouncing between both
Figure 2 - Price respecting channels, until recent bull…
USDCHF has been in contained within two channels, but in the past few weeks we have seen it make a bullish break.
Even on a pullback the pair has managed to stay supported from the previous level, given the outlook of a bullish nature
Levels
0.9335 - April Close
0.9480 - 38.2 Fib (0.9079 - 1.0127)
0.9720 - March Close
0.9227 - 61.8% Fib (0.9079 - 1.0127)
Figure 1 - Daily USDCHF - two potential channels, price bouncing between both
Figure 2 - Price respecting channels, until recent bull…