USDCHF, H1
On the H1 timeframe, USDCHF is following the trendline, and the price tests the 0.8560 resistance level.
The 50-MA adds a layer of resistance. However, the MACD histogram crosses the signal line up, and the Momentum crosses the 100-level upwards, confirming the asset's bullish trend.
- If the USDCHF breaches above the 0.8560 resistance it will rise to the 0.8600 resistance level;
- However, a rebound from the trendline will drop the price to 0.8510 support.
