
It's likely to have a local downward correction towards the support by the last 'Evening Star'. The subsequent pullback from this level...
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.
It's likely to have a local downward correction towards the support by the last 'Evening Star'. The subsequent pullback from this level...
We should watch the nearest resistance at 1.3231 as an intraday target. If a pullback from this level happens afterwards...
If a pullback from the nearest resistance at 111.62 happens little later on, bears will probably try to test the lower 'Window'...
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...
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