USD/ZAR recoiled down from the resistance line connecting October highs and slipped under the daily moving averages.
USD/CHF: franc is waiting for a signal
BUY 0.9965 SL 0.991 TP1 1.0065 TP2 1.0165 TP3 1.0195
SELL 0.9855 SL 0.991 TP1 0.9755 TP2 0.9725 TP3 0.9625
On the daily chart, USD/CHF keeps consolidating in the 0.9855-0.9995 range in line with the “Spike and ledge” pattern. A break of its upper border will increase the odds of getting to the target of the “Wolfe waves” pattern. On the other hand, a test of support at 0.9855 will open the way down.
On H1 of USD/CHF, there’s potential for formation of the “Widening wedge”. For that, bears need to pull the pair below 0.9855.
The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...
USD/CHF remains weak across the board and stays strong with a bearish consolidation below the 200 SMA at H1 chart…
There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...