USD/CHF: bulls are preparing for breakout

USD/CHF: bulls are preparing for breakout

On the USD/CHF chart, there is a consolidation in the range of 0.9915-0.9975. A break of its upper or lower borders does not guarantee a restoration of the trend. The resistance is located near parity level. For the continuation of the rally and the implementation of the targets of the "Wolf Waves" and the "Shark" patterns, the bulls need to test the following resistance. 

On the USD/CHF hourly chart, the expanding wedge is in the process of formation. A necessary condition for its implementation and restoration of the uptrend is a breakout of resistance at the parity level.

Recommendation: BUY 1,0000 SL 0,9945 TP 1,02. 


Latest news

GBP/USD: pound entered into channel Tenkan-Kijun

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.


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