USD/CHF: price testing the 34 Moving Average

USD/CHF: price testing the 34 Moving Average

There's a possible 'Triple Top' pattern, so the price is testing the 34 Moving Average line. Also, we've got a 'Thorn' pattern, which brings more evidence for the bullish outlook. In this case, we should keep watching the next resistance at 1.0000 - 1.0009 as a potential target for the ongoing upward correction. The subsequent pullback from this area could be a departure point for a downward price movement towards the closest support at 0.9925 - 0.9904.




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GBP/USD: levels to trade

GBP/USD has been consolidating between 1.30 and 1.2770 for the past month. The pair met resistance at the resistance line connecting October and November highs.

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