USD/CHF broke support trendline

USD/CHF broke support trendline

2019-11-11 • Updated

  • USD/CHF broke support trendline
  • Next sell target - 0.9860

 

USD/CHF recently broke through the support trendline which has been reversing the price from the middle of April. The breakout of this support trendline should accelerate the active minor corrective wave (ii) – which started previously from the major resistance level 1.0060. USD/CHF is expected to fall further toward the next sell target at the next support level 0.9860 (low of the previous correction 2).

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