USD/CHF reversed from support zone

USD/CHF reversed from support zone

  • USD/CHF reversed from support zone
  • Next buy target - 0.9600

USD/CHF continues to rise after the recent upward reversal from the support zone lying between the key support level 0.9430, which has been reversing the price from the middle of June (as can be seen below) and the lower daily Bollinger Band. The upward reversal from this support zone stopped the earlier minor impulse wave 3. Given the oversold reading on the daily CCI - USD/CHF is expected to rise to next buy target at the next resistance level 0.9600.



Bitcoin (BTC/USD): upside potential remains high

As expected after a strong rebound, Bitcoin has made a correction from the highs of December 8 and the price action is consolidating around the 200-hour moving average, which remains dynamic support…


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